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

Examples of sharing economy in a Sentence

Recent Examples on the Web
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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 

Word History

First Known Use

2004, in the meaning defined above

Time Traveler
The first known use of sharing economy was in 2004

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 19 Nov. 2024.

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