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    Question

    Which of the following statements is correct about

    'Shared Economy' ?
    A It is a type of Economic System wherein Private players and government almost have equal share in the economy in terms of volume of economic activities Correct Answer Incorrect Answer
    B It is a type of Economic System wherein people prefer to buy domestic goods and imported goods in equal proportions, which is reflected in country's trade. Correct Answer Incorrect Answer
    C It is a type of Economic System which highlights on the ability of individual to rent or borrow goods rather than to own them Correct Answer Incorrect Answer
    D It is a type of Economic System which focuses on the individualistic consumption of goods and economic growth is shared in unequal proportion by different strata of society Correct Answer Incorrect Answer

    Solution

    тЧП The shared economy in India is estimated to be an about $2 billion industry by the end of the current year, according to a recent report by Maple Capital Advisors тЧП The sharing economy, also known as collaborative consumption or peer-to-peerbased sharing, is a concept that highlights the ability of individuals to rent or borrow goods rather than buy and own them. тЧП The тАШshared economyтАЩ includes segments such as co-working (Awfis, WeWork India), co-living (Stanza Living, OYO Life, Oxford Caps), shared mobility (Uber, Ola, Shuttl) and furniture rental (Furlenco, Rentomojo)

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