Placeholder Image

Subtitles section Play video

  • The word "economy" can be seen as a bit of dirty word these days, but add the word "sharing", and suddenly things seem a little brighter.

  • However, with just 5% of the UK public alone fully understanding what the sharing economy is.

  • Here is a brief guide to what it actually means to you and me:

  • Let's start right at the beginning.

  • We've been sharing things for thousands of years, with neighbors lending each other foods, borrowing tools, and allowing friends to stay whenever they need a place to crash.

  • This isn't a new thing and with new technology, the sharing economy is enabling this human trade to grow, and enable both local and international transactions.

  • Today, there are thousands of sharing economy websites which would give you the options to share, well, almost anything.

  • For example, say you have a spare room for a week which you'd like to rent out, or maybe you need to travel across country.

  • The sharing economy means you can see who else in your city is making the same journey, and grab a ride!

  • It's not all about the money, many at the transactions that pass through the sharing economy do so without cash ever changing hands.

  • After all, the more we spend, the more we consume, and the more we waste.

  • Mankind's obsession with ownership appears to be at a tipping point, and the sharing economy is perhaps the beginning of the antidote.

  • In 2013 alone, the UK benefited from 4.6 billion pounds of savings and earnings from the sharing economy.

  • And this is only set to grow.

  • So the next time you have a room going spare, or an empty seat in your car, or a talent you think others can benefit from.

  • If you choose to share it, then you'll be adding to this new, and vibrating economy.

The word "economy" can be seen as a bit of dirty word these days, but add the word "sharing", and suddenly things seem a little brighter.

Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

A2 US sharing economy spare tipping point grow antidote

What is the sharing economy?

  • 24391 1935
    Ruby Lu posted on 2016/03/16
Video vocabulary