What is the Sharing Economy?

During the workshop except the research we made we also defined the meaning of the Sharing Economy. It is an economic system in which assets or services are shared between private individuals either for free or for a fee typically by means of the Internet. Sharing economy can take a variety of forms, including using information technology to provide individuals, corporations, non-profits and governments with information that enables the optimization of resources through the redistribution, sharing and reuse of excess capacity in goods and services. A common premise is that when information about goods is shared (typically via an online marketplace), the value of those goods may increase for the business, for individuals, for the community and for society in general.