sharing economy
nounDefinition of sharing economy
: 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
An earlier version of this post appeared in Oversharing, Alison Griswold’s newsletter about the sharing economy. — Alison Griswold, Quartz, "“Silicon Valley is not the Wild West”: Anthony Levandowski faces criminal charges for stealing trade secrets," 28 Aug. 2019 Reuters/Jason Lee China’s sharing economy has had a bumpy ride in the last two years, led by the fading of a handful of bike-sharing startups such as once high-flying Ofo. — Jane Li, Quartz, "This may be the surest sign yet that China’s sharing economy is far from dead," 24 July 2019 Those young people ended up building many of the social media and sharing economy platforms that would transform the lives of people of all ages by the end of the first decade of the new millennium. — Kate Eichhorn, WIRED, "Social Media Could Make It Impossible to Grow Up," 8 July 2019 In this circular economy, the inhabitants will reuse everything from furniture to children’s clothing and make use of sharing economy services—for instance lending, renting, or bartering goods through the internet or peer communities. — Karen Gunn, National Geographic, "This island is going trash free—by recycling all of its waste," 22 Apr. 2019 Teslas are also seeing high demand in the sharing economy. — Rani Molla, Recode, "Elon Musk’s summer of bad behavior hasn’t affected Tesla’s sales, but it has hurt its reputation," 10 Oct. 2018 Increasing eligibility would give more ordinary Americans who participate in the sharing economy the potential to benefit when a private company goes public, Airbnb said. — Aisha Al-muslim And Maureen Farrell, WSJ, "Airbnb Proposes Giving Hosts a Stake in the Company," 21 Sep. 2018 Airbnb isn't the only sharing economy giant taking a stand. — Meredith Carey, Condé Nast Traveler, "Airbnb Threatens to Ban 'Unite the Right' Rally Attendees," 10 Aug. 2018 This this isn’t the automaker’s first foray into the auto sharing economy. — Brittany Shoot, Fortune, "Toyota Launches a Car-Sharing Subscription Service for Hawaii," 11 July 2018These example sentences are selected automatically from various online news sources to reflect current usage of the word 'sharing economy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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