Infographic: Understanding the Sharing Economy

One of TIME Magazine’s 10 ideas that will change the world(2011). We believe that the Sharing Economy Model is here to stay. The greatness of the idea is that it empowers each and every person involved in it.

World population will reach 9.3 billion by 2050, and we will not have enough resources for all. In order to tackle the issue of resource scarcity, we must change our consumption model. Enter the Sharing Economy. An Economic Model based on ‘access to’ rather than ‘ownership of’ human assets like time, space and skills, Collaborative Consumption is still a foreign idea to many. Through this infographic we have tried to throw some light on this idea.

Source: Infographic: Understanding the Sharing Economy

We have tried to be as comprehensive as possible, but if you feel that we have left something out, please comment about it. Share this infographic and spread awareness on this idea.