Economics Assignment -
Firms such as Uber, Airbnb, Foodora etc. are all part of what is known as the "sharing economy", which is a generic term that describes economic and social activities that take place online. Such firms have had an enormous impact on traditional marketplaces, representing both opportunities and threats to society and the economy as a whole.
Your task is to choose a company in Australia that is part of the sharing economy, and describe its economic impacts, both good and bad, utilising basic economic theories that you have studied throughout the semester
Key areas you may wish to focus upon (but not limited to) are:
a) Impact on competition and prices
b) Impact on employment opportunities
c) Impact on resource allocation
d) Impact on wages
Word limit: 1500 Words.