The Sharing Economy #infographic

The Sharing Economy #infographic

People's communities have shared the use and distribution of property over thousands of years but it was simpler for the owners of resources and those trying to discover one another because of the emergence of the Internet–and its use of large data. Such dynamics can also be called the share economy, collaborative consumption, co-operation economy or peer economy.

Sharing economies make cash from underused resources possible for people and communities. Dumb assets like parked vehicles and space rooms can be leased if not in use in a shared economy. This divides physical assets into services.

Examples of this can be shown by Car Sharing facilities such as Zipcar. Private cars go unused for 95 percent of their lives according to information supplied by the Brookings Institute. The same study describes the price benefit of Airbnb as housing owners use spare bedrooms over the hotel area. It has been revealed that Airbnb rates were between 30 and 60% cheaper than hotels worldwide.

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