Resource: Collaborative Consumption
Title: Collaborative Consumption
Resource type: Article
Topics: Business, Communities, Individual Choices
Keywords: collaborative, consumption, economy, sharing
Audience: All
Region: Minnesota Statewide, Outside Minnesota
Summary: Named by Time Magazine as one of the "10 Ideas that will Change the World", Collaborative Consumption describes the rapid explosion in traditional sharing, bartering, lending, trading, renting, gifting, and swapping reinvented through network technologies on a scale and in ways never possible before.
Content: The following is adapted from the website below.

Collaborative Consumption, a.k.a. "the sharing economy", describes the rapid explosion in traditional sharing, bartering, lending, trading, renting, gifting, and swapping reinvented through network technologies on a scale and in ways never possible before.

From enormous, established marketplaces such as eBay and Craigslist, to emerging sectors such as social lending, peer-to-peer travel, and car sharing (such as ZipCar and HourCar), Collaborative Consumption is creating new business opportunities and reinventing not just what we consume but how we consume.

Named by Time Magazine as one of the "10 Ideas that will Change the World", the concept has economic and environmental (less stuff owned = less waste generated and resources used) benefits, as well as community-building ones.

More information on Collaborative Consumption can be found at the below website; additional examples of the concept are available at http://www.collaborativeconsumption.com/the-movement/snapshot-of-examples.php.

Website: http://www.collaborativeconsumption.com/the-movement/
Suggested by: Erin Barnes-Driscoll
Added: 03/16/12