Three Factors: Advantages And Disadvantages Of The Sharing Economy

1. Explain briefly what the sharing economy is, and outline some of the attitudes to it that are presented in the three texts.

The Sharing economy is a concept which refers to collaborative consumption through internet channels. The concept is actually quite simple. The sharing economy is a peer-to-peer marketplace where one lend or rent things from other people instead of buying or renting things from corporations. The object of sharing could be clothing items, rooms, car, etc.

The first article is called “The sharing economy: a money making space made for startups” written by Suzanne Bearne who is a freelance journalist. The article was published on the website of the British daily newspaper the Guardian the 8th of April 2015. The article

What about health, safety and insurance? There have been problems with Uber and Airbnb authorities because of the cheap prices and security. The sharing economy is an collaborative consumption through internet channels where almost everyone who might have access to digital platforms and resources available have the opportunity to be a part in the sharing economy- How do I secure credibility if almost everyone can be a part in the sharing economy? How do I know if something unexpected would not come up by using an uber or borrowing an room? The fact that the Uber and Airbnb is not a part of organizations and therefore ordinary people, you have to be very careful about who you lend or rent from. Furthermore the sharing economy can be seen as a negative trend while it in the long run will results in a downward spiral for the country 's economy. The sharing economy is not regulated properly and can lead to tax evasion, negative experience, and even health concerns, “But there are real questions about insurance, standards and tax, which may in the end have to be resolved through the courts. There are questions, too, about quality of life and fairness.