The sharing economy requires companies to be more flexible in how they organize their activities.
Since the dawn of the Internet and its application of big data, communities of people have shared the use of assets for thousands of years, but the Internet's introduction has made it simpler for asset owners and those looking to use those assets to connect with one another. Other names for this type of dynamic include the shareconomy, collaborative economy, peer economy, and collaborative consumerism.
Sharing economies give people and organizations the chance to profit from underutilized resources. In a sharing economy, unused resources like parked cars and extra bedrooms can be rented out. Physical resources are distributed in this manner as services.
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