sharing economy
noun /ˈʃeərɪŋ ɪkɒnəmi/
/ˈʃerɪŋ ɪkɑːnəmi/
[usually singular]- an economic system in which people can share possessions, services, etc., usually by means of the internet
- The sharing economy lets people turn a quick profit by renting out rooms, cars or even washing machines.