A recent trend in the consumer marketplace is the ability for a consumer to share their personal belongings
Read the article: “Airbnb and the Unstoppable Rise of the Share Economy“. A recent trend in the consumer marketplace is the ability for a consumer to share their personal belongings, such as their homes/apartments, autos, tools, bicycles, and so forth. The shared economy has now become a multibillion dollar business.
In a three- to four-page paper (not including the title and reference pages):
- Explain how this concept is disrupting our traditional economy.
- Describe whether the shared economy is creating new value for the consumer or if it is just replacing existing business.
You must use at least three scholarly sources from the Ashford University Library, one of which must be peer reviewed, in addition to the textbook. Your paper must also be formatted according to APA style as outlined in the Ashford Writing Center.
Traditionally, businesses were set up to provide services and anyone who wanted to participate in provision of such services has to register a company to start the operations. That is how car hire businesses, rental business and many more cam e about. Some years back, sharing economy was unheard of. However, things are gradually changing. It is now possible to make money using your physical assets at the comfort of your home…