Definition of sharing economy in US English:

sharing economy

noun

  • An economic system in which assets or services are shared between private individuals, either free or for a fee, typically by means of the Internet.

    ‘thanks to the sharing economy you can easily rent out your car, your apartment, your bike, even your Wi-Fi network when you don't need it’
    • ‘The sharing economy has brought us new business models.’
    • ‘Eventually, it turned into a lot of thinking about the sharing economy and how property is sitting underutilized a majority of the the time.’
    • ‘Tech platforms are key to the sharing economy because they let people reach out and share with anyone.’
    • ‘The sharing economy has opened up a world of possibilities for anyone open to anything - share your house, share your ride and even share your leftovers.’
    • ‘They make an important point about the lightly regulated sharing economy: The consumers who participate deserve a very clear picture of the risks they're taking.’
    • ‘He called the practice of offering parking spots to the highest bidder "extortion masquerading as the sharing economy," according to City News Service.’
    • ‘The sharing economy needs regulation, and insurance companies will step in.’
    • ‘The "sharing economy" is built on a supply-and-demand equation wholly alien to traditional media companies.’
    • ‘You seem to miss that the cornerstone of a sharing economy is capitalism, not socialism.’
    • ‘The sharing economy is already worth billions of dollars, but its direct beneficiaries aren't mainstream entertainment companies.’