The Sharing Economy: Understanding and Challenges
International Journal of Humanities & Social Science Studies (IJHSSS), March 2016
9 Pages Posted: 3 Apr 2016
Date Written: March 1, 2016
The sharing economy is the person to person (or Peer-to-Peer) economic activity that is facilitated by digital platforms. The sharing economy concept strengthens the innovation perspective. Thanks to new technological platforms (especially social media), especially city citizens have gained the power to call and track a ride, rent out their homes, and share goods. The global revenue from sharing economy companies is projected to increase to approximately $335bn by 2025. Speaking of the future there is important nexus between Internet of Things and the sharing economy.
Keywords: Sharing economy
JEL Classification: A11
Suggested Citation: Suggested Citation