ITPEC IP April 2022 Question 96
Which of the following is a term for a model where through a service or mechanism matching users and providers, idle assets, such as vehicles, residences, and clothes, that are owned by individuals or companies are lent to others, or services such as providers doing shopping on behalf of another person or giving language lessons in their spare time are provided?
Explanation
Sharing economy — a service matches the idle assets and spare time of individuals or companies with people who need them.
Providers lend vehicles (car sharing), rooms (home sharing) or clothes, or offer their time and skills (shopping on someone's behalf, language lessons), through an app or website that matches them with users, handles payment and builds trust with ratings. Assets that would sit unused earn income, and users get access without buying.
Answer (b)
Why not others:
- •(a) Cloud computing — providing computing resources such as servers, storage and software as services over the network
- •(c) Telework — working away from the office, for example at home, by using ICT
- •(d) Work-sharing — dividing the available work among more workers by shortening each one's hours, to maintain or create employment
Key rule: The sharing economy puts access before ownership: idle assets and skills are rented out through matching platforms.
Business Industry · AI-written, may contain errors
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