The term Collaborative Consumption or Sharing Economy was first coined in 1978. However, it didn’t really become a well known term until 1995, as eBay was launched.
The uprise of eBay led to strong foundation of the sharing economy that would eventually shape the global markets two decades later. From the inception of eBay till now, sharing economy has penetrated various sectors such as transportation, property, fashion, education, healthcare and now consumer goods.
While sharing economy is still in its infancy, the journey has been a promising one, so far. With multiple global players stomping their authority and many others emerging as national winners, here at Crowdholding we dissect and pinpoint the reasons below for the up rise of the sharing economy concept.
- Increasing accessibility to self-employment opportunities
2. Embeds a sense of trust in the community