sharing economy

noun

1. a system in which people rent, borrow, or share commodities, services, and resources owned by individuals, usually with the aid of online technology, in an effort to save money, cut costs, and reduce waste.

Word History and Origins

Origin of sharing economy¹

First recorded in 2005–10

Example Sentences

It’s a quieter, more sustainable kind of sharing economy, one where empty spaces serve a specific emotional need, not just economic opportunity.

Read more on Salon

"One lesson learned for any sharing economy business is that you have to ask yourself: how could this system be broken?" says Mr Hibbert.

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Launched in 2007, Airbnb gained prominence as a darling of the nascent sharing economy.

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This article is adapted from Oversharing, a newsletter about the sharing economy.

Read more on Slate

Swimming pools are now part of the sharing economy.

Read more on Los Angeles Times