sharing economy
noun
: economic activity that involves individuals buying or selling usually temporary access to goods or services especially as arranged through an online company or organization
Arguably the biggest sector of the sharing economy is travel. People are renting their beds to out-of-towners (Airbnb and Couchsurfer), leading them on guided tours (Vayable and CanaryHop) and hosting meals (Voulez Vous Diner and EatWith), sometimes for free but on most sites for a price—though one far below those found at local hotels.—
Eliana Dockterman
Eliana DocktermanExamples of sharing economy in a Sentence
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Vinayak Hegde, a former Amazon and Airbnb executive who served briefly in executive positions with Wheels Up, explained that, like the home-sharing service, creating a sharing economy for private aviation would be a long road.
—Doug Gollan, Forbes, 19 Oct. 2024
Chou believes that managing electrical resources will become a new norm of the sharing economy as more markets progress toward a net-zero reality.
—Shanshan Kao, Forbes, 26 Sep. 2024
One example is a startup offshoot that provides insurance products designed specifically for the RV sharing economy, addressing a gap left by traditional providers.
—Jaclyn Baumgarten, Forbes, 11 Sep. 2024
Content by this author: China’s Booming Sharing Economy China’s booming sharing economy faces a precarious future.
—James Yan, Foreign Affairs, 17 June 2024
See all Example Sentences for sharing economy 
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Doug Gollan, Forbes, 19 Oct. 2024
Chou believes that managing electrical resources will become a new norm of the sharing economy as more markets progress toward a net-zero reality.
—Shanshan Kao, Forbes, 26 Sep. 2024
One example is a startup offshoot that provides insurance products designed specifically for the RV sharing economy, addressing a gap left by traditional providers.
—Jaclyn Baumgarten, Forbes, 11 Sep. 2024
Content by this author: China’s Booming Sharing Economy China’s booming sharing economy faces a precarious future.
—James Yan, Foreign Affairs, 17 June 2024
See all Example Sentences for sharing economy
Dictionary Entries Near sharing economy
Cite this Entry
“Sharing economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sharing%20economy. Accessed 15 Nov. 2024.
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