Join Jane Barratt for an in-depth discussion in this video The sharing economy, part of Personal Finance Tips.
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- There's no question that the economies of the world…are changing at an extremely fast rate.…A century ago, when the industrial revolution…made manufacturing the cornerstone of the economy,…products and services became available for a mass market,…and the prosperity of the world grew exponentially.…Since then, much of the world…has consumption-based economies.…Growth was assured by constantly increasing…levels of purchases.…Since the post-war boom of the 1950s until now,…individuals and family consumption…has been the source of growth.…
Expanding populations needed places to live,…appliances, food, clothing, and technology.…But recently, something has changed.…The ownership culture has shifted a little,…whereby people are rejecting the notion…that you need to own all your own stuff.…And if you do own stuff, you can put it to work…by renting it out to others.…This is the core idea of the sharing economy.…In the U.S. right now, every second household…is struggling with credit card debt,…so the widespread adoption of…
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