oboloo Glossary

Sharing Economy

oboloo Glossary

Sharing Economy

Sharing Economy: The sharing economy is a rapidly emerging economic system, where individuals and organizations alike utilize digital platforms to share goods and services with one another. This innovative concept paints an alternative picture to the traditional transactions of goods, allowing for increased accessibilty and participation in the global market. At its core, the sharing economy is focused on building collaborative relationships that foster trust and mutual benefit between users. It’s an idea that encourages people to come together to create purposeful exchanges, all while reimagining how we view the traditional means of acquiring goods and services.