- Sharing Economy: Peer to peer based activity of sharing assets, products, services in an online-based community. It enhances the usability of underused assets and expands their lifetime in the sharing economy platforms and the best example would be Airbnb
When you need to rent/borrow an item from your neighbor and money is involved, or service exchange or you always borrow stuff from each other, then you are in sharing the economy spectrum of circular economy ~ (if that makes any sense at all).
- On Demand: A digital marketplace of providers and participants with a focus on expediency in transportation, delivery of product, or onsite service.
When you don’t like to buy Vinyl/DVDs and replace those with streaming services that are On Demand. By the way when you are hungry and call your local Pizza shop for a delivery.
- Marketplace —If you take the shopping mall metaphor, a marketplace is going to be a place where a provider meets a customer. The provider doesn’t have to own the shopping mall, neither does the customer. They simply need to show up and complete a transaction.