Question

Which of the following statements is correct about 'Shared Economy' ?

Q: Answer-Which of the following statements is correct about 'Shared Economy' ?

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 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. The shared economy 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

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

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.

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

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

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