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What is Shared Economy

Africa's Platforms and the Evolving Sharing Economy
A collaborative consumption or peer-to-peer-based sharing. It highlights the ability and perhaps the preference of individuals to rent or borrow goods rather than buy and own them.
Published in Chapter:
Social Skepticism and Its Effect on Shared Economy
Oluwaseun David David Adepoju (African Leadership University, Rwanda), Demilade Oluwasina (African Leadership University, Rwanda), and Nji Mbitaownu Mughe Awah (African Leadership University, Rwanda)
Copyright: © 2021 |Pages: 19
DOI: 10.4018/978-1-7998-3234-8.ch008
Abstract
The new disruptive models of businesses are now making strangers meet strangers for economic and service benefits. This new shared economy system begs for a very pertinent question. Has human trust increased to that point where we can completely trust strangers? This chapter answered the above question within the African context while considering some case studies of failed start-ups that launched on shared economy models. This chapter also made some comparative analysis of some homegrown platforms that did not survive the valley of death in the Nigerian Innovation Ecosystem and successful similar foreign models imported into Africa. A definite opinion analysis through social scepticism lens was used in writing on gomyway.com, a Nigerian car-pooling start-up that failed after two years of operation. The chapter ended by making a strong case for models that dwarfs social scepticism to ensure the survival of the valley of death for platform entrepreneurship in Africa.
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More Results
Orange Economy and Digital Entrepreneurship in Latin America: Creative Sparkles Among Raw Materials
It is an interchange model of goods and/or services among privates. This type of economy has become the basis of new platforms such as Uber, Cornershop, Airbnb in which the exchange is done directly among individuals through an online platform.
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Electric Car-Sharing as a Solution Supporting the Development of Electromobility and an Element of the Travel Chain
Social and economic phenomenon, consisting in a fundamental change of organizational and distribution models going towards dispersed networks of interconnected individuals and communities, covering both the direct provision of services by people as well as sharing, co-creation, co-buying, etc., enabling a radical increase in the efficiency of use resources.
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