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The sharing economy is a socio-economic system based on the sharing of resources and services among people. The sharing economy is also known as the collaborative economy, the peer-to-peer economy, and the gig economy. The sharing economy is a response to the increasing costs of traditional ownership and the global recession. The sharing economy allows people to share resources and services they already have, such as a car, house, or skills, to generate income or save money.

The sharing economy is facilitated by online platforms that connect people who need something with people who have something to share. These platforms include, but are not limited to, ride-sharing services such as Uber and Lyft, home-sharing services such as Airbnb and HomeAway, and food-sharing services such as Farmigo and Munchery.

The sharing economy is growing rapidly. In a 2016 study, the Pew Research Center found that 26% of Americans have used a sharing economy service. The study also found that the sharing economy is most popular among millennials, with 43% of millennials having used a sharing economy service.

The sharing economy has both positive and negative aspects. The positive aspects of the sharing economy include increased access to goods and services, increased economic opportunities, and increased environmental sustainability. The negative aspects of the sharing economy include job insecurity, decreased wages, and increased regulation.

Despite the negative aspects, the sharing economy is here to stay. In a 2016 study, the Boston Consulting Group found that the global sharing economy will grow from $15 billion in 2016 to $335 billion by 2025.

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