write an essay about sharing economy
ans: Over the last couple of decades, our world suffered several massive economic crises that led to negative outcomes in a variety of countries of Asia, Europe, America, and the Middle East. Even though thousands of experts and scholars are focused on studying the processes happening within the global economy, project, and predict them, the biggest and most advanced economies of the world still tend to go into crises from time to time.Due to the economic contagion, the biggest economies influence smaller ones, and the crises spread, carrying their negative outcomes all around the world. This series of crises may be the result of the old model of an economy based on massive production and excessive consumption, the model that has been widely promoted for decades.
Today, this old fashioned model seems to be losing its popularity and gradually become replaced by the new approach of sharing economy that actively takes over the world’s societies. The sharing economy is a drastically new kind of lifestyle. As it develops, the new social norms and habits go into the clash with old ones, and the old policies face difficulties trying to match the new ways of living.
The term “sharing economy” speaks for itself. It represents the kind of economic relationships that are based on sharing resources of various kinds – people, raw materials, products, and services. The sharing economy, also known as the peer economy, is grounded on peer-to-peer interactions with the purpose of collaborative consumption, entrepreneurship, attainment of cheaper services and goods.
1. what is sharing economy
ans : the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of companies hiring employees to produce products to sell to consumers
2. advantages of sharing economy
ans: The sharing economy has less entry barriers while giving workers more flexibility and freedom. It's easier for individuals to begin driving for Uber or Lyft than a taxi company. And approximately 72 percent of independent workers prefer being employed as contract workers instead of traditional employees.
3. disadvantage of sharing economy
ans: The flexibility and independence of working in the sharing economy comes with a price – namely, none of the traditional benefits such as health care and retirement. If you already have a full-time job with benefits and want to work a side gig just for extra money, it's not an issue.