In the context of technology, identify a true statement about collaborative consumption.
A) The cost of purchasing products or services is borne by one individual.
B) The ownership of the assets is transferred to the user.
C) It limits the sharing of goods or services.
D) It enables people to earn and save money by sharing goods and services.
E) It is an expensive form of trading.

Question

Quizplus · Accepted Answer

Collaborative consumption, also known as the sharing economy, is a concept where people share their resources with others for mutual benefit. This enables people to earn and save money by sharing goods and services. For example, instead of purchasing a power drill that they may only use once or twice a year, an individual can rent it from someone who owns one. Collaborative consumption promotes the efficient use of resources, reduces waste, and creates new economic opportunities for individuals and businesses. Therefore, option D is the true statement about collaborative consumption in the context of technology.

In the Context of Technology, Identify a True Statement About