One of the fastest-growing internet and business trends in history is the sharing economy. An estimated $23 billion in venture capital funding has poured into the market since 2010, funding startups with the shared-based modelMumbai Wealth Management. The total size of the sharing economy is much harder to estimate because most of the platform providers are private.
The sharing economy is a term for a way of distributing goods and services, an approach that differs from the traditional model of corporations hiring employees and selling products to consumers. In the sharing economy, individuals are said to rent or “share” things like their cars, homes, and personal time to other individuals in a peer-to-peer fashionMumbai Investment. In the very simplest terms, it’s the use of technology to facilitate the exchanged access of goods or services between two or more parties.
The term sharing economy arises from the notion that involved parties can share value from underutilized resources or skills. These skills or resources are exchanged through marketplaces or peer-to-peer platforms.
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