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

Related items

Sofas, desks, coffee tables and office chairs are among the products available to rent. Image: JLP

John Lewis kick-starts furniture leasing trials as Ganni unveils rental-only collection

Department store John Lewis has launched a new furniture rental service, in the same week that luxury fashion brand Ganni debuted a new denim collection that is available to rent but not to purchase.