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Any potential probelms with 'the sharing economy'? discuss one or two issues marketers and consumers should...

Any potential probelms with 'the sharing economy'? discuss one or two issues marketers and consumers should be aware of

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Answer #1

Problem of sharing economy are -

  • High intermediary fees - high intermediary fees is charged be the centralised plateforms from thr consumers and marketers to allow the transaction take place. The increase in amount charged from the customer results in discretion of these plateforms
  • Trust gap - In sharing economy there is the problem of trust gap which involves atleast one of the following - product, peer and plateform For example reservation of the apartment cancelled by the owner at the last minute
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