What is the sharing economy

Sharing economy refers to a new economic industry that maximizes the use of economic and social value by aggregating, reusing and matching supply and demand on a platform and in a collaborative manner, such as the massive, dispersed and idle resources in society.

Mainly idle resources, including idle goods, fragmented time, cognitive surplus (underutilized knowledge and expertise, skills and experience, relationships and services) and financial surplus, idle space and public **** services. Massive refers to the breadth of resources and their huge numbers, and fragmented refers to the fact that most of them come from unintegrated and synergized personal resources or sunken resources with asymmetric information.

Based on the Internet, ICT, cloud computing, big data, etc., a platform is constructed to form scale and synergy, and intelligent matching of supply and demand of economic surplus resources is realized at lower cost and higher efficiency. This is the core of Sharing Economy 2.0.

Expanded:

Traditional economic times are the world of exclusivity, and exclusivity is the only way to create a monopoly. It is the only way to maintain a stable status quo and to forge strong industry barriers. In the past, the sanctity of private property was advocated, but now the emergence of mobile socialization has gradually moved the economy of exclusivity into the background, and the sharing economy has succeeded in rising to the top.

Under the sharing economy, people's lives tend to be more simplified, more and more people come to the ranks of the crowdshare, not only the active application of other people's crowdshare results, but also their own hands of idle resources crowdshare to others.

"Internet +" era, the sharing economy has become a new trend, consumers based on the application of the concept of crowdsourcing and participation, so that the development of many industries to bring new challenges. Some industries have been able to survive well in the exclusive economy, but it is difficult to recruit consumers in the sharing economy because consumers can reach their dreams by sharing with each other, without the need to produce too many products to meet their basic needs.

Baidu Encyclopedia - Sharing Economy