Sharing Econmy

Question 1

Another link here in the concept map is the sharing economy and emerging technologies.

Answer 1

These two link because the sharing economy is an emerging technological phenomenon fuelled by advancements in technology and digital platforms.

Question 2

Collaborative consumption is also part of the sharing economy and refers to

Answer 2

The enabling of individuals to share and obtain resources using digital platforms.

Question 3

Airbnb example

Answer 3

An example of disruptive technologies enabling the sharing economy and collaborative consumption is Airbnb
the online platform connects hosts to guests facilitating the process of short-rent between them promoting resource sharing.

Question 4

The sharing economy can be a technological or social commerce phenomenon.
On the technological side

Answer 4

Web 2.0 technologies paved the way for the sharing economy and collaborative consumption.
Forums such as Quora help users answer each others questions.
Opensource code hosting platforms such as GitHub have enabled developers to work on a piece of code collaboratively.
And Social media, allow users to create and share content and experiences online.

Question 5

Social media and social commerce

Answer 5

Social media is also a social commerce phenomenon.
In the case of social commerce, social media help users have interaction online and contribute to buying and selling online.
Which has lead to social shopping For example TikTok shop