![]() Sharing Economy UK represents the businesses in the sharing economy around the country and its work includes lobbying the Government to better protect them and consumers. The Shared Economy UK trade bodyįollowing on from an independent review in 2015 ( Unlocking the sharing economy) on how the UK can become the centre for shared economy platforms, the Sharing Economy UK trade body was formed. By 2025, that is expected to rise to almost 320 billion US dollars. How big is the sharing economy?A PWC sharing economy report showed that in 2013, the sales revenues of companies in the sharing economy was around 15 billion US dollars. Nevertheless, to avoid the development of this new economic model creating false competition and creating risks for consumer protection, public entities, both nationally and at a European level, have established a legal framework which defines the obligations with regards to operations completed on sharing platforms. In this way, the sharing economy is shaking up the existing socio-economic model, both for consumers and for companies, by doubling traditional offers available and utilising resources of individuals and offering new services or complementing traditional offers. The desire to position the individual at the centre of society.The renovation in relationships with property.The lack of confidence in institutions.Environmental worries, which are increasingly pressing.The factors which led to the development of this economic model are the following: ![]() Platforms for activities, such as Uber or JustEat.Platforms for intermediaries, such as Amazon.Platforms for the contribution economy, such as Waze.Platforms for sharing of costs, such as Liftshare.Platforms for the creation of common goods, such as Wikipedia.There are five types of collaborative platforms: The sharing economy model and applications such as Uber and Airbnb allow for the peer-to-peer economy to thrive as they cut out the role of third parties. There is no need for an intermediary third-party to be involved. What's the difference between a sharing economy and a peer-to-peer economy?A peer-to-peer economy is one in which two individual parties (the buyer and seller) interact directly for the provision of goods and services. The notion of the sharing economy is based on the the exchange, the sharing, and collaboration between individuals of goods, services, resources, time or knowledge, with or without monetary exchanges, via dedicated platforms. The sharing economy is a new model of consumption related to the development of the internet and new technologies of information and communication. ![]() Sharing economy examples What is the sharing economy? The sharing economy: Advantages and disadvantages ![]()
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