SHARING ECONOMY

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Definition

The sharing economy is an economic model in which individuals can share or rent out their assets, such as their clothes, bikes, or other possessions, to others for a fee. It is based on the idea of collaborative consumption and aims to reduce waste, increase efficiency, and promote sustainability. Sharing economy platforms typically use technology to connect users and facilitate transactions, often providing a rating or review system to ensure trust and safety.

Purpose

Sharing economies allow individuals and groups to make money from underused assets. In a sharing economy, idle assets such as personal items can be rented out when not in use. In this way, physical assets are shared as services.

Kind of purchaser

Vinted is a Lithuanian online marketplace for buying, selling and exchanging new or secondhand items, mainly clothing and accessories.Used by 34 million users in Europe alone, Vinted is completely safe for both buyers and sellers. The Vinted app is available for free on the App Store and Google Play, or you can use the platform from your browser at www.vinted.it.

"Don't wear it? Sell it!"

-Vinted

Pros & Cons

• Monetizing underutilized assets
• Save money and resources
• More flexible
• More efficient allocation of resources
• Get more reasonable prices
• Reducing environmental impact

• Regulatory uncertainty
• Unclear taxes
• Missing out on allowances and other benefits
• Lower security

• Balzamo Mattia - errand monitor
• Incarnato Perla - time keeper
• Iuliano Simone - recorder
• Manzoni Chiara - leader
• Scognamiglio Claudio - presenter

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