The sharing economy

Question 1

Define the sharing economy

Answer 1

An economic model of P2P based activities of acquiring, providing or sharing of goods and services, often facilitated by a community-based online platform.

Question 2

Define crowdsourcing

Answer 2

is the act of recruiting a large group of undefined individuals (solvers) who perform organizational tasks in the form of an open call.

Question 3

Define crowdfunding

Answer 3

is an open call, usually through the internet, for the provision of financial resources usually in the form of donation, in exchange for future product/service or other reward, to support initiatives with specific purposes

Question 4

List 3 parts of the crowd economy

Answer 4

Mass collaboration, open innovation, crowd intelligence

Question 5

What are the 4 pillars of crowd funding/sourcing

Answer 5

Crowd; Crowdsources; Task; Platform