Sharing economy

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What is the sharing economy?

Back

The sharing economy is an economic model based on sharing, swapping, trading, or renting products and services, often facilitated by a third-party platform.

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What is a key characteristic of the sharing economy?

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A key characteristic of the sharing economy is the utilization of underused assets, allowing individuals to monetize their idle resources.

Front

Name a successful example of a sharing economy platform for accommodation.

Back

Airbnb is a successful example of a sharing economy platform that allows individuals to rent out their homes or rooms.

Front

How long does an average person use an electric drill in their lifetime?

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An average person uses an electric drill for between 6-13 minutes during their lifetime.

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What city is known as a sharing city?

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Seoul is declared to be a sharing city, promoting sharing initiatives and platforms.

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What is the impact of the sharing economy on consumer behavior?

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The sharing economy is changing consumer behavior by shifting attitudes towards buying and owning things, promoting access over ownership.

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What are some benefits of the sharing economy?

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Benefits of the sharing economy include cost savings, increased access to goods and services, and reduced environmental impact.

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What is a common concern regarding the sharing economy?

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Common concerns include regulatory issues, safety, and the potential for exploitation of workers.

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How does technology facilitate the sharing economy?

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Technology facilitates the sharing economy by providing platforms that connect users, enabling transactions, and ensuring trust through reviews and ratings.

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What is the role of trust in the sharing economy?

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Trust is crucial in the sharing economy as it encourages users to engage in transactions with strangers, often facilitated by user reviews and ratings.