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Sharing Economy
In capitalism, the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of companies hiring employees to produce products to sell to consumers. It includes the shared creation, production, distribution, trade and consumption of goods and services by different people and organisations. These systems take a variety of forms, often leveraging information technology (particularly digital platforms) to empower individuals, corporations, non-profits and government with information that enables distribution, sharing and reuse of excess capacity in goods and services.Sutherland, W and Jarrahi, M.H. "The sharing economy and digital platforms: A review and research agenda." ''International Journal of Information Management'' 43 (2018): 328–341. There are two main types of sharing economy initiatives: * Non-profit, usually based on the concept of book-lendin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, Property rights (economics), property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in Capital market, capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''Laissez-faire capitalism, laissez-faire'' or free-market capitalism, anarcho-capitalism, state capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community-based Economics
Community-based economics or community economics is an economic system that encourages local substitution. It is similar to the lifeways of those practicing voluntary simplicity, including traditional Mennonite, Amish, and modern eco-village communities. It is also a subject in urban economics, related to moral purchasing and local purchasing. The community-based economy can refer to the various initiatives coordinated through multiple forms of interactions. These interactions may involve some form of work performance; project participation; and/or relationship exchange. The forms of interaction can exclude the need to contract; can do away with the need to include some form of monetisation; as well as be free from the need to establish a structure of hierarchy. Community-based economies have been seen to involve aspects of social bonding; value promotion; and establishing community-orientated social goals. It has been suggested that communities that meet their own needs need the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Platform Cooperative
A platform cooperative, or platform co-op, is a cooperatively owned, democratically governed business that establishes a computing platform, and uses a website, mobile app or a protocol to facilitate the sale of goods and services. Platform cooperatives are an alternative to venture capital-funded platforms insofar as they are owned and governed by those who depend on them most—workers, users, and other relevant stakeholders. Typology While there is no commonly accepted typology of platform cooperatives, researchers often ontologize platform cooperatives by industry. Some potential categories include: transportation, on-demand labor, journalism, music, creative projects, timebank, film, home health care, photography, data cooperatives, marketplaces. Other typologies differentiate platform cooperatives by their governance or ownership structures. Platform cooperatives have been contrasted with platform capitalism. Companies that try to focus on fairness and sharing, instead of ju ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Motive
In economics, the profit motive is the motivation of firms that operate so as to maximize their profits. Mainstream microeconomic theory posits that the ultimate goal of a business is "to make money" - not in the sense of increasing the firm's stock of means of payment (which is usually kept to a necessary minimum because means of payment incur costs, i.e. interest or foregone yields), but in the sense of "increasing net worth". Stated differently, the reason for a business's existence is to turn a profit. The profit motive is a key tenet of rational choice theory, or the theory that economic agents tend to pursue what is in their own best interests. In accordance with this doctrine, businesses seek to benefit themselves and/or their shareholders by maximizing profits. As it extends beyond economics into ideology, the profit motive has been a major matter of contention. Economics Theoretically, when an economy is fully competitive (i.e. has no market imperfections like extern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Platform Capitalism
Platform capitalism refers to the activities of companies such as Google, Facebook, Apple Inc., Apple, Microsoft, Uber, Airbnb and others to operate as platforms. In this business model both hardware and software are used as a foundation (platform) for other actors to conduct their own business.N. Srnicek, Platform Capitalism. Wiley, 2016.L. Weatherby, "Delete Your Account: On the Theory of Platform Capitalism," Los Angeles Review of Books, 2018. Platform capitalism is either heralded as beneficial A. McAfee and E. Brynjolfsson, Machine, platform, crowd : harnessing our digital future. W. W. Norton and Company, 2017. or denounced as detrimental J. Lanier, Ten arguments for deleting your social media accounts right now. Henry Holt and Co., 2018. by various authors. The trends identified in platform capitalism have similarities with those described under the heading of surveillance capitalism.S. Zuboff, The age of surveillance capitalism: the fight for a human future at the new fron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collaborative Society
Collaborative society is a view of human society defined as encompassing the emerging phenomena of citizen science, collaborative media, digital communication gift economy, peer production, remix culture, and the sharing economy.It relies on various modes of distribution of resources in the economy, and their resulting consumption, based around the basic principles of sharing and collaboration. Dariusz Jemielniak and Aleksandra Przegalińska have defined it as "a series of services... that enable peer-to-peer exchanges and interactions through technology" as well as "an increasingly recurring phenomenon of emergent and enduring cooperative groups, whose members have developed particular patterns of relationships through technology-mediated cooperation" See also *Collaborative consumption Collaborative consumption is the set of those resource circulation systems in which consumers both "obtain" and "provide", temporarily or permanently, valuable resources or services through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prosumption
A prosumer is an individual who both Consumption (economics), consumes and Production (economics), produces. The term is a portmanteau of the words ''production (economics), producer'' and ''consumer''. Research has identified six types of prosumers: DIY prosumers, self-service prosumers, customizing prosumers, collaborative prosumers, monetised prosumers, and economic prosumers. The terms ''prosumer'' and ''prosumption'' were coined in 1980 by American Futurism, futurist Alvin Toffler, and were widely used by many technology writers of the time. Technological breakthrough and a rise in user participation blurs the line between production and consumption activities, with the consumer becoming a prosumer. Definitions and contexts Prosumers have been defined as "individuals who consume and produce value, either for self-consumption or consumption by others, and can receive implicit or explicit incentives from organizations involved in the exchange." The term has since come to refe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Ritzer
George Ritzer (born October 14, 1940) is an American sociologist, professor, and author who has mainly studied globalization, metatheory, patterns of consumption, and modern/postmodern social theory. His concept of McDonaldization draws upon Max Weber's idea of rationalization through the lens of the fast food industry. He coined the term after writing ''The McDonaldization of Society'' (1993), which is among the best selling monographs in the history of American sociology. Ritzer has written many general sociology books, including ''Introduction to Sociology'' (2012) and ''Essentials to Sociology'' (2014), and modern/postmodern social theory textbooks. Many of his works have been translated into over 20 languages, with over a dozen translations of ''The McDonaldization of Society'' alone''.'' Ritzer is currently a Distinguished Professor Emeritus at the University of Maryland, College Park. Biography Early life Ritzer was born in 1940 to a Jewish family in upper Manh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lyft
Lyft, Inc. offers mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery in the United States and select cities in Canada. Lyft sets fares, which vary using a dynamic pricing model based on local supply and demand at the time of the booking and are quoted to the customer in advance, and receives a commission from each booking. Lyft is the second-largest ridesharing company in the United States after Uber. History Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara campus to visit his girlfriend in Los Angeles and was seeking an easier way to share rides. In May 2013, the company changed its name from Zimride to Lyft. Later that year, Lyft sold the original Zimride ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uber
Uber Technologies, Inc. (Uber), based in San Francisco, provides mobility as a service, ride-hailing (allowing users to book a car and driver to transport them in a way similar to a taxi), food delivery (Uber Eats and Postmates), package delivery, couriers, and freight transportation. Via partnerships with other operators such as Thames Clippers (boats) and Lime (electric bicycles and motorized scooters), users are also able to book other modes of transport through the Uber platform in some locations. Uber sets fares, which vary using a dynamic pricing model based on local supply and demand at the time of the booking and are quoted to the customer in advance, and receives a commission from each booking. It had operations in approximately 72 countries and 10,500 cities as of December 31, 2021. Uber offers many different types of ride options. UberX is the most popular and the standard service of the company. UberXL, Uber Comfort, and Uber Black are other options offered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard Business Review
''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. ''HBR'' is published six times a year and is headquartered in Brighton, Massachusetts. ''HBR'' covers a wide range of topics that are relevant to various industries, management functions, and geographic locations. These include leadership, negotiation, strategy, operations, marketing, and finance. ''Harvard Business Review'' has published articles by Clayton Christensen, Peter F. Drucker, Michael E. Porter, Rosabeth Moss Kanter, John Hagel III, Thomas H. Davenport, Gary Hamel, C. K. Prahalad, Vijay Govindarajan, Robert S. Kaplan, Rita Gunther McGrath and others. Several management concepts and business terms were first given prominence in ''HBR''. ''Harvard Business Review''s worldwide English-language circulation is 250,000. HBR licenses its content for publication in thirteen languages besides English. Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Misnomer
A misnomer is a name that is incorrectly or unsuitably applied. Misnomers often arise because something was named long before its correct nature was known, or because an earlier form of something has been replaced by a later form to which the name no longer suitably applies. A misnomer may also be simply a word that someone uses incorrectly or misleadingly. The word "misnomer" does not mean " misunderstanding" or " popular misconception", and a number of misnomers remain in common usage — which is to say that a word being a misnomer does not necessarily make usage of the word incorrect. Sources of misnomers Some of the sources of misnomers are: * An older name being retained after the thing named has changed (e.g., tin can, mince meat pie, steamroller, tin foil, clothes iron, digital darkroom). This is essentially a metaphorical extension with the older item standing for anything filling its role. * Transference of a well-known product brand name into a genericized tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
