An Introspective Study on the Emergence of Sharing Economy and the Role of IT & ITES Therein with Special Reference
Economics is the study of how scarce resources are allocated to make best possible use with a simultaneous projection of the fundamental truth of scarcity. To deal with the problems of unlimited human wants and limited resources, the need for sharing was
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An Introspective Study on the Emergence of Sharing Economy and the Role of IT & ITES Therein with Special Reference to India Dipayan Singha and Amit Majumder
19.1 Introduction Scarcity is a fundamental truth of existence which cannot be avoided as there is never enough of any resource to satisfy the demand of everyone. To curb the problem of scarcity, economics was initiated. Economics is the study of how scarce resources are allocated to make best possible use with a simultaneous projection of the fundamental truth of scarcity. Ever-present situation feels the need of scarcity as the available supply is inadequate against the demand or the purchasing power of the consumer is scanty. This universal phenomenon leads to the definition of economics as the ‘science of allocation of scarce resources’. To deal with the problems of unlimited human wants and limited resources, the need for sharing was felt. The term collaborative consumption or sharing economy was first coined in 1978 which provides us with an opportunity to explore new sources of income. Smart use of resources may be justified as an initiative to reduce the problem of scarcity. The concept of borrowing has existed from a long period in our culture; in borrowing, we take and use something that belongs to someone else and return it in specified time. The concept of sharing is an extension to the concept of borrowing in which people with mutual needs come together to fulfil their wants and demands but at a certain amount which benefits both the peers eventually, wherein the lender charges an amount for the goods or services being shared and the borrower gets the benefits of the goods or services without purchasing the product or services. Sharing can be helpful in many aspects like. D. Singha (B) Lalbaba College, Howrah, WB, India e-mail: [email protected] A. Majumder Bijoy Krishna Girls’ College, Howrah, India e-mail: [email protected] © Springer Nature Singapore Pte Ltd. 2020 S. Sikdar et al. (eds.), Role of IT- ITES in Economic Development of Asia, https://doi.org/10.1007/978-981-15-4206-0_19
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1. Recycle, Reuse and Repurpose: Generally, people own cars, properties and gadgets which at one point or the other, becomes an article of less use or no use. With the concept of sharing economy, private owners can offer their vehicles, properties and gadgets to others for a fee. Things that are kept idle with someone can be useful to others. 2. Decreasing Environmental Effects: Carbon footprint is increasing day by day due to immense production of goods by artificial means. However, the concept of sharing can be helpful as it reduces the need of new goods and focuses on reusing the existing goods and also helps to curb other means of environmental degradation like air pollution, wastage, sound pollution, etc. 3. Accessibility to Self-employment Opportunities: Sharing goods and services nowadays is done only for exchange of money. So, this mechanism helps to obtain self-employment by letting the products or service
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