Word of the Week

Sharing Economies

/shairing ih-konuh-mee/n.

Also known as access economy, peer-to-peer (P2P) economy, or collaborative economy, the sharing economy is an economic model in which goods and services are not owned by a single user, but rather only temporarily accessed by members of a network for free or for a fee. It is based on the idea that having access to a good or a service can be preferable to having ownership over it.

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