A New Decade Brings The Greatest Shared Economy

How the Sharing Economy Will Significantly Grow in the 2020s

The answer is not everyone needs a drill. Instead, all they need is the desired hole. Brian Chesky’s point, though thought-provoking, is nothing new. After all, people have been bartering for many years, certainly long before the emergence of smartphones, social networks and PayPal.

But technology, partnered with innovation, has resurrected a timeless economic model. The present-day potential represents a reduced ecological footprint and increased opportunities to do social good. Fewer resources are wasted on manufacturing and needless consumption when resources are divvied up among many people in the sharing economy. It’s a best-case scenario of discarding inefficiencies and maximizing use, whether it’s tangible assets or time, which ultimately means reducing waste and improving resource allocation.

There now exists a myriad of opportunities for the new generation of business leaders to combine social good with business. The sharing economy promotes sustainable consumption while fostering a sense of community.

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