The Pros And Cons Of Sharing Economy

Airbnb is a short-term leasing and renting company which turns residential houses into tourist marketplace. Critics believe that this company is running illegal hotels that are against the health and safety regulations. Therefore, in the last year Airbnb was banned in certain areas and cities.

The sharing of the economy is a new economic model which based on doing business with strangers temporary and obtaining a certain profit through the Internet by right to use goods for the primary purpose.(It.people.com.cn, 2017) However, it involves three main areas, the demander and supplier on side of goods or services and sharing economic platform.

It was sent to help free black with what is the need to get them land and sent them to school and the freeman bank. To get them money to buy the land that they need, but these were not in all places s some had not acceded to this and other were sharecropping was much better than the banks. Sharecropping is not a good idea because they would go into debt and be tie to the land for life.

Sharing economy is a new trend, which has happened with the global advent of Social Media and the peer-to-peer network. It is affecting different aspects of the Hospitality Industry. It allows people to share their belonging or services with strangers, in an online trust-rated way. “The Sharing Economy is a socio-economic ecosystem built around the sharing of human and physical resources. It includes the shared creation, production, distribution, trade and consumption of goods and services by different people and organizations” (Matofska, 2015). The two main examples of shared economy that brought huge debates to the world’s media nowadays are Uber and AirBnb. These shared economies, which allow peer-to-peer exchanges throughout technology,

We are all aware of the facts – that materiality is unsustainable; that consumption is overwhelming; that economic gain is all pervasive. Yet we favour ignorance. Time has caught up with us and the self-interested ideals that once held our society together are no longer durable. This has produced a gap, but nothing palpable to replace it with. Hence individuals like you and I must resort to other avenues of fulfilment.

Additionally, AskforTask practices the idea of collaborative consumption, also identified as a sharing economy. The notion emphasises

Sharing economy is a business and a service built around sharing and renting assets, where the technology has a big involvement, as it’s used as communication between the renter and the borrower. Sharing economy has its advantages and disadvantages, and Suzanne Bearne, Catharine Hamm and Mary Dejevsky are 3 writers that express their knowledge and views relating to the topic of sharing economy.

The “gig economy”, a terminological alternative to the sharing economy, is possibly the the next major workforce revolution. Providing many individuals means of gainful employment with schedules and opportunities that otherwise would not have been available, this economy of sharing is uncovering many vulnerabilities with the current state of affairs in theis country. Because of this, it could be said this new economic revolution is a double edged blade. Though this metaphor has foreboding connotations, the bennifit of te two edged blade is are more apparent when weilded by a sjulled practioner. As it stands, the gig economy is still in its infancy, so it isn’t surprising that those with a greater understanding of economies and group mobilization

The targeting of socially valuable entrepreneurship is hardly an accident. the regulatory effort - "preserving the free and open internet", as the FCC frames it - mistakes the benefits of market rivalry for an architectural design. Competitive forces have driven firms to create vast data networks ,continually upgrading their scope, speed, and quality. Cooperative agreements among these systems permit traffic to flow seamlessly through myriad gateways across the u.s. and around the world. customers flock to these networks, eager to access a wondrous world of websites and online services, a thriving digital bazaar. This bountiful marketplace has emerged unplanned, unregulated, form the vision of

It determines whether companies such as Uber is a tech-enabled service giant valued at billions of dollars or just another huge transportation company. Money street is hoping that a middle ground will be reached with alternatives suggested to move to a co-op model or to even define a third category of employee in the labor law. There is precedence, where in 2012, host of strippers managed to win a similar class action lawsuit against the clubs stating that “ if the exotic dancers have no control of the work place and if the business wouldn’t exist without the exotic dancers then they must be treated as employees and not independent contractors” [3]. In effect it will determine whether the gig economic model will reverse the time and take us back to the 19th century sweatshop work model, when “when workers had no power and no legal rights, took all the risks, and worked all hours for almost nothing.” [5].

For one thing, Casual Living reports that millennials and Generation Z, who grew up surrounded by all kinds of gadgets after the Internet era, are said to be skilled to adapt to and utilize new technologies. (Keep Up with Tech-savvy Consumer Expectations, 2015) These technology sages living in share-everything culture have learnt how to be creative, hip and cool in order to differentiate themselves from others or fit in a certain group with a measure in their weapons called social media. Therefore, many shares on social media entails some sorts of creativity and intention; in a photo of what he or she ate in a hipster café, for example, food is often displayed neatly, and by sharing this, they can show his or her follower how “hip” and cool s/he is. With two factors combined, it can be said that Taco Bell actually generated synergy effect by encouraging them to share photos of tacos and burritos from their stores; that is, these technical-smart artists’ share is, in fact, playing as a free advertisement for Taco Bell utilizing the benefit of stronger WoM and their creativity.

We live in a consumer world. Everything we do and perhaps everything we are is based on consumption and commodity. Daily life has become a constant juggle of products and services - needs verses wants. People and objects become interchangeable. People become identified and classified with material goods.

This week’s readings focused on the market mechanisms and whether these mechanisms have the ability to change the meaning of the goods and social practice that they encompass. After reading some compelling stances on both sides, I think that market mechanisms change the meaning of the goods and social practices they regulate, and this creates a negative effect on our society. In this paper, I will start by defining what the market system is and explain the transformation of a good to a commodity. From there, I will use several examples of goods and services that have been turned into commodities

Today, things are made, sold, and bought in a larger quantity and at a more rapid pace than ever before. Capitalism causes businesses to manufacture products in the most efficient manner possible, so that they can reach the largest audience possible. When a large number of people own the same things, which often have a prescribed lifespan, a sense of responsibility is not necessary, as anything that is broken can easily be replaced with another thing that is “improved” and, most

Developed countries around the world are run by the market economy — where there lies a complex control of power status (Shils 73). Capitalism allows for individuals in the modern society to achieve towards greater success for themselves by generating this 'need' for a surplus cycle of attaining wealth. Although this may seem to be a positive feature, capitalists are known to rob people of their freedom. This sense of 'no freedom' pertains to the idea of people not having complete control over their daily consumptions as a consumer in the society. In most cases, people are unaware of these capitalist tricks that they have unintentionally trapped themselves into, in terms of being tricked into purchasing a certain good or service. This surplus cycle of need is a constant demand that is dominant in modern societies in order to maintain growth in numbers. This is a continuous cycle in the economy that is drawn upon in all aspects, yet will continue to steer power control to a maximizing boiling