Money in Real Life · 45 sec
Sharing economy
A practical idea for making clearer everyday money decisions.
The useful idea
- The useful idea
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services.
- How it works
These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in
- Why it matters
It can be facilitated by nonprofit organizations, usually based on the concept of book-lending libraries, in which goods and services are provided for free (or sometimes for a modest subscription) or by
Why this matters
Use Sharing economy to compare the trade-offs before committing money.
Try this
Use Sharing economy to compare the trade-offs before committing money.
Test your recall
Which idea belongs to the explanation of Sharing economy?
- How it works
- The useful idea — correct
- Why it matters
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services.
General education only — not personal financial advice.