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The Sharing Economy and the Greater Economy

UCLA Anderson’s Marvin Lieberman, along with Colorado State’s Gideon D. Markman, Ohio State’s Michael Leiblein, Hong Kong Baptist University’s Li-Qun Wei and the University of International Business and Economics’ Yonggui Wang, think that the sharing economy should be separated from the greater economy.

While this has no effect on consumers, this can provide details to economists and researchers that can help to research it more thoroughly. The new definition explains how the two are different as “other forms of economic organization and resource orchestration.” It helps us understand the sources of value creation and other non-economic benefits more precisely.

Although researchers are proposing a separate consideration for the sharing economy is required, they also say that it has become an intrinsic part of the greater economy and can not be taken out of it. So, while it is separate, it is still inseparable.

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