82224798 Leicester ZYC 60552 Order.docx - LEICESTER ZYC...

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LEICESTER ZYC 60552 1 Leicester ZYC 60552 By Student's Name Course Code and Name Professor’s Name University Name City, State Date of submission
LEICESTER ZYC 60552 2 Over the years, sharing has been used to measure the moral principle of an individual in society, considering that it is often used to spread joy and hope for those who are less fortunate. However, in recent days, sharing has been used as a socioeconomic principle and practice, which involves sharing of skills, resources and stories, which in turn makes sharing more complex and contested than most people think. Sharing is increasingly becoming a more formalised economic agreement and arrangement between two or more parties (Davies & Evans, 2019). In situations where sharing is adopted as a driving factor for financial systems and as a means of getting by in times of crisis, it inspires people, particularly investors and businesses to put together their collections, which in turn creates a pool of resources and economies of scale (Gibson-Graham, 2008). The rise of the sharing economy across the capitalist, alternative capitalist and non- capitalist economies in the current business environment is a direct response to the expanding instabilities and vulnerabilities in the political-economic fabric. With the business world becoming so unpredictable, the rise of sharing economies is bringing a new wave of excitement among investors, considering that many see it as an innovative way of transforming the traditional economic and social models in the society (Hobson, 2015). Notably, with business success stories, sharing economy has been primarily associated with the circular economy, which focuses on creating value from waste generation and use resources efficiently and effectively by transforming and remodelling the current production and consumption systems in the current economy (Gregson & Crang, 2016). As a result, this study will focus on critically evaluating the extent to which notions of the sharing and circular economy are part of ordinary, everyday forms of consumption.
LEICESTER ZYC 60552 3 The sharing economy As a result of the centrality of the current social life, sociologists are increasingly acknowledging the fundamental association among consumption and monetary political frameworks and to social categorisation, group participation, character stratification and social status. Consumption is therefore intersected with issues such as sharing economy, circular economy, power and equality, which in turn influences the everyday life of many people (Davies & Evans, 2019). The sharing economy describes a form of exchange that is supported by online platforms, involving a diversity of for-profit and non-profit activities that focus on opening access to under-utilised assets through sharing (Hobson, 2015). Many followers of this school of thought feel that the sharing economy integrates the activities and efforts of the capitalist economy and the alternative economy simultaneously, and it is often regarded as a remedy of hyper-consumerist culture in the current business environment (Frenken, 2017). With the strong dominance of neoliberal

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