The sharing economy is also known as the collaborative economy. It is based on pooling and exchanging services, resources, goods, time, knowledge, and skills.
Currently going through a substantial expansion, the sharing economy privileges horizontal organizations and structures rather than vertical and hierarchical ones.
It has economic cornerstones, such as the reduction of expenses and the limitation or elimination of intermediaries. Still, it strongly relies on social and ecological values, and it's also based on the belief that using is more important than owning or possessing.