THE SHARING ECONOMY'S SUCCESS: ADVANTAGES, DRAWBACKS, AND APPLICATIONS

Abstract The emergence of intermediary platforms created networks that facilitate peer-to-peer interactions, as well encourage the sharing goods and services within context collaborative consumption cost saving. This article sets out to inspect “why economy is so successful” provide a critical viewpoint on topic's essential ideas, while also taking perspective advantages disadvantages affect end users. A literature review paired with case studies Airbnb, Uber, other applications shared economy, looks upon how despite their rapid market growth in past decade public approval, such caused disruptions markets they operate in. Results indicate by being involved part ecosystem, either provider or user, absence personal ownership key, utilisation product needs be maximised result pleasant experience. However, it development these which thrive connecting people stays closely monitored regulatory bodies, legislation needed for prevention unethical practices follows quickly enough ensure rightful operation.