How useful sharing economy really is?

The sharing economy is a new stage in the development of economics; it is not about buying goods but exchanging them. This saves a lot of money for the ‘borrowers’ and makes money for those ready to share goods or render a service. Both sides profit.

Sharing can work in almost all areas of life to not only use resources but use them more effectively. The following examples show how successful this has been for different industries.

Share space

Roost is a service based on mutual assistance and preservation of ecology. The site provides free parking spaces and storage premises. The project aims to provide a more efficient use of empty spaces. For example, when someone falls ill or goes on vacation, they can share their workplace or home parking space. A similar process happens with storage space. If someone from another area needs to leave a bike somewhere for a couple of days and another user has a lot of free space in a garage they can connect and use otherwise wasted space.