How sharing economy reducing cost of living and make life more convenient? |
Posted: July 25, 2019 |
While sharing economy existed for a long time, it only gained popularity in 1995, after the launch of eBay. It resulted in a secure base of the sharing economy that would later have a strong impact on the global markets. Sharing economy has spread across several industries including transportation, fashion, education, healthcare etc. Here are five major benefits of the sharing economy.
1. Rising accessibility to self-employment opportunities Sharing economy leads to economic benefits for everyone. Due to the growth of online jobs, online marketplace and ridesharing services, people are now able to work from home and utilize their vehicle to gain an additional source of income and reduce cost of living. In addition, people can sell items that they no longer need on platforms such as eBay and OLX. Thus, they are able to earn from unwanted, unutilized things.
2. Promotes trust in the community Sharing economy has built trust among the community by the creation of many of its platforms. The reviews and ratings of apps such as Lyft and Airbnb are honest and trustworthy. Individuals start considering each other as equals which leads to a united community with constructive relationships. Instilling trust in the community members also leads to improved social cohesion. As people learn to share, stronger and more resilient communities will be built.
3. Higher savings, better lifestyle The sharing economy has made it possible for people to live their desired lifestyle but with greater savings. For instance, since more and more platforms offer high quality rental choices to users, they can save money by avoiding expensive hotels. Moreover, startups like GrabonRent can rent a huge variety of home appliances. All of these services guarantee that you can live out your dreams and spend the same amount of money or less by doing so. Additional Read : Major Transportation Problems Faced by People in The UK 4. Lower expenses Sharing economy allows you to own only the valuable possessions you need. For instance, if you need transportation occasionally, you can choose to not invest in a car. Consequently, you will avoid unnecessary costs of maintenance, fuel, car loans, insurance etc.
5. Easier to obtain capital Crowd funding has become an effortless and suitable way to raise funds as it links people in need of loans with those who are willing to offer them. Thus, it will be easy for businesses and firms to acquire capital to further their ventures.
Traffic problems in the UK and how TangoRide can help? We will further explore the cost of living in the UK and traffic problems in the UK. While it is true that sharing economy lowers it or at least maintains the cost of living, it also gives rise to many traffic problems. Many ride-sharing platforms operate in a similar manner as taxis and contribute to traffic congestion.
To combat these transportation problems in the UK, TangoRide is the perfect ride sharing platform. TangoRide is a real-time carpooling app that aims to benefit drivers and passengers by decreasing travel cost and time. It allows people to safely share rides with other passengers, thereby reducing traffic problems. TangoRide, Launching soon in the UK as affordable, safe, convenient and flexible travel solution.
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