Final answer:
Uber's rapid growth demonstrates the increased traction of the sharing economy, reflecting the shift in consumer behavior and technological advancements that allow for improved efficiency and service delivery.
Step-by-step explanation:
Uber's rapid growth is an example that the sharing economy is gaining traction. This concept lies within the broader context of economic change where traditional models based on ownership are giving way to models based on sharing or providing access to goods and services. The impact of the sharing economy is not unlike the transformative effects that previous technological and cultural innovations have had on market dynamics and consumer behavior. Uber, by leveraging technology to offer ride-sharing services, has caused disruption in the urban transit sector, much like other sharing economy companies that utilize technological advancements to improve efficiency and service delivery. This shift is indicative of an adaptive economy capable of rapid growth and large-scale adoption of new business models, which can be seen across other high-income economies and emerging markets.