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The Shared Economy is Encouraging Future Collaborative Growth

Golden Ashby | October 6, 2015

The Shared Economy is Encouraging Future Collaborative Growth

The peer-to-peer economy has grown exponentially in recent years. The internet, social media and e-commerce space has made it very easy for citizens of the world to cash in on the trend to realize their dreams. This new economy has opened the gates for young passionate entrepreneurs with revolutionary business models. Banking, shopping and renting apps have turned these tasks into more of a fad than a chore. People today find it more convenient to own certain items and share others.

There is no reason to worry about parking or living wherever in the house of your dreams anymore. The world is at your fingertips. The sharing economy not only makes life affordable, accessible and equal for everyone on the internet, but it also helps preserve resources for a sustainable future. This may very well be only the beginning of a larger movement that is being powered by the connected world we live in.

AirBnb, Uber, Lyft and other startups were first to notice the shift in preferences and were quick to take advantage of it. Now these startups are growing into multi-million and billion dollar companies. These startups have used technology to facilitate ways to borrow or rent products depending on the usage time and need. The new technologies of these peer-to-peer economic activities are helping shape the future for building a social movement centered on genuine practices -- sharing in the production and consumption of goods and services. This is not only encouraging collaborative growth, but in turn helps consumers save a lot of money while shaping the trends and opportunities of today into businesses of tomorrow!

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