Sharing economy

DEFINITION: An economic system in which services and resources are shared, borrowed or rented, often through online transactions, in an effort to save money, reduce costs and cut waste. Prime business examples of the sharing economy include Airbnb, Zipcar and the Uber Pool car sharing scheme.

See also: Servitisation

See also: Circular economy

See also: Access economy

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Ford envisions a time where autonomous vans can transport deliveries on the ground, before drones pick up the packages for the “final leg” of the journey

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BMW's corporate headquarters in Munich, where car sharing has been introduced around the city

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