People Service Ridesharing Popular Peer To Peer Car Period Rent

The "shared economy" refers to all businesses in which people share items by renting them from each other "rather than" (instead of) buying them "on their own" (by themselves, without help from others). These "peer-to-peer" or "sharing" services "run the gamut" (cover a full range; are available in many different types), especially among younger consumers who are "more inclined" (more likely to do something) to consider renting rather than owning.

The most popular peer-to-peer service is ridesharing, which allows car owners to use their car to give other people rides, much like a taxicab. Many of the car owners have "9-to-5 jobs" (regular, full-time jobs) and drive for ridesharing companies in the evenings and on weekends. Customers who use a ridesharing service request a ride on a smartphone app and usually pay less than the normal "taxi fare" (the amount of money paid for taxi service).

Another popular peer-to-peer service is home-sharing, which allows homeowners to share part or all of their home with people who need a place to stay for a short period of time. Some people rent out a single room, while others rent out an entire apartment or house. Customers go a home-sharing website to see what is available in the location and time period when they want to travel. It can be similar to a "B&B" or "bread and breakfast," n 1a small hotel operated out of one large home or building, but usually less expensive for the traveler.

Another example of the peer-to-peer economy is the "coworking" sites that are "popping up" (appearing quickly and suddenly) in large cities. These are shared office spaces where people who work "remotely" (away from the main office) or "independently" (for oneself, without working for a business) can rent office space for a short period of time.