What is economic collaboration?

A collaborative economy is a marketplace where consumers rely on each other instead of large companies to meet their wants and needs. A collaborative economy may also be known as a “shared economy,” “sharing economy,” or a “peer-to-peer economy.”

What is collaborative consumption business model?

Collaborative consumption is the shared use of a good or service by a group. Whereas with normal consumption an individual pays the full cost of a good and maintains exclusive access to it, with collaborative consumption multiple people have access to a good and bear its cost.

What economic interest does the collaborative economy represent?

Botsman (2015) defines the collaborative economy as “an economic system of decentralised networks and marketplaces that unlocks the value of underused assets by matching needs and haves, in ways that bypass traditional middlemen”. This economic system has three broad characteristics (Botsman and Roger, 2010):

What is a shared economy business model?

The sharing economy is an economic model defined as a peer-to-peer (P2P) based activity of acquiring, providing, or sharing access to goods and services that is often facilitated by a community-based online platform.

What is the role of the three questions of economics?

An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed? There are two extremes of how these questions get answered.

Is Netflix sharing economy?

But it actually is not a sharing economy example. Netflix is an on-demand subscription business model. It is also not a pay-per-use business model (which is another often-repeated misnomer). But they are not a sharing economy platform.

What are the types of collaborative consumption systems?

Fundamentally there are two different ways to engage with collaborative consumption, either as a ‘peer-provider’ offering assets to borrow, rent or share, or as a ‘peer-user’ renting, borrowing or sharing the assets offered by peer-providers (p. 70).

Is Uber collaborative consumption?

Defining Collaborative Consumption. In recent years, collaborative consumption has become a common term, with initiatives such as Airbnb (accommodation) and Uber (taxi services) building large international networks and challenging services historically offered by more traditional businesses.

Who are the main actors of a collaborative economy?

Actors of the sharing economy There are a wide range of actors who participate in the sharing economy. This includes individual users, for-profit enterprises, social enterprise or cooperatives, digital platform companies, local communities, non-profit enterprises and the public sector or the government.

How does sharing economy affect the economy?

What Is the Impact of the Sharing Economy? The sharing economy has a history of disrupting traditional business sectors. The lack of overhead and inventory help share-based businesses run lean. The increased efficiencies allow these brands to pass-through value to their customers and supply chain partners.

What is an example of sharing?

Sharing is distributing, or letting someone else use your portion of something. An example of sharing is two children playing nicely together with a truck.

What is an example of shared economy?

Apartment/House Renting and Couchsurfing Airbnb is a classic example of a global company that makes the Sharing Economy possible. The online platform connects owners who want to make money by renting out an unused room or property to people who are in need of a rented apartment or a house to stay.