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The Internet has facilitated the growth of alternative economic models that have the potential to radically change capitalism
NETS2003 - The Digital Economy
7 Pages • Essays / Projects • Year: Pre-2020 • Previously uploaded under: NET205 - The Digital Economy
The growth of web 2.0 and the development of digital technologies have enabled the emergence of online platforms that promote user-generated content, sharing, and collaboration. This has led to the rise of the sharing economy where people share the consumption of goods and services through online platforms. Using Airbnb as an example, this essay will begin by exploring the sharing economy. Then, using Airbnb and Couchsurfing as examples, it will look at the gift economy facilitating ‘reciprocity’. This essay will conclude by discussing its implications for the capitalist and free market economy.
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