Thursday, November 07, 2019

Talk about the concept of sharing economy.

In a sharing economy, items are not seen as possessions. Economic activity is based on renting out items to use. The term refers to "a socio-economic model based on the Internet and smartphones, in which products, spaces, and services are borrowed an shared." Airbnb and Uber are prime examples of a sharing economy. At first, the end goal was to prevent wasting resources by sharing possessions. However, recent business models are aimed at maximizing profits. The original purpose is being left behind.

Talk about the trend of the sharing economy.

There is a wide range of services based on a sharing economy these days. Many people can use the services by logging on via smartphone app. This is why the services are growing by the day. Major examples are shared offices and kitchens. Riding-sharing services are another big example. e. Also, the shared bicycles and scooters often seen on the streets are part of these services. The biggest selling point is that users can temporarily rent products instead of taking the plunge and buying them. This has the added benefits of saving on costs and cutting down on wasted resources.

It's been thirty minutes, and I still can't catch a cab.

Let's just use a ride-sharing service. It's usually much quicker.

When I first heard those services, I didn't think they would succeed.

You were wrong. It's not a passing fad.