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The Ideas of Sharing Economy

In: Sharing Economics

Author

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  • Yuming Zhang

    (Shandong University)

Abstract

The sharing economy’s ideas refer to the concept of economic development that is developed in the new business model of the sharing economy, which are quite different from the traditional business model and have their own typical characteristics. This concept is embodied in all aspects of the sharing economy. The concept of “sharing” refers to the sharing and use of idle resources between supply and demand. It is the sharing of usage rights on the premise of retaining the ownership of resources; the “altruism” concept is a pioneering and innovative concept that most significantly distinguishes itself from traditional economic assumptions, which inject new vitality into the development of the sharing economy and take a new perspective on economic phenomena; The concept of “coordination” is the most effective way of urging innovation in the production industry and technological changes on the basis of sharing, and only the further use of shared resources to achieve collaborative innovation, will the sharing economy provide more powerful technical support for the rapid economic development in the new environment; The “public” is the most significant scope expansion and extension for the participation of the sharing economy through the use of the Internet platform to breakthrough information asymmetry and difficult access to information resources. The “Human, flat, freedom, democracy” and other concepts explain the various rights enjoyed by various participants in the sharing platform in the new economic model from the perspective of humanities. People can realize their own value needs, participate in the market competition on an equal footing, and freely enter the market platform. In the platform, people have full right to speak, make an independent decision, and have the right to independent pricing. These are all new concepts that can embody the typical characteristics of the sharing economy model and are significantly different from the traditional economic development methods. They reveal the new vitality and vigor brought about by the sharing economy for the latest development of the economy and society from various perspectives.

Suggested Citation

  • Yuming Zhang, 2021. "The Ideas of Sharing Economy," Springer Books, in: Sharing Economics, chapter 0, pages 121-138, Springer.
  • Handle: RePEc:spr:sprchp:978-981-16-3649-3_8
    DOI: 10.1007/978-981-16-3649-3_8
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