Growth of Social Entrepreneurship Initiatives: A Theoretical Perspective
Author(s)
Hasnain Javed , Majid Murad , Prof Dr Cai Li , Saba Fazal Firdousi ,
Download Full PDF Pages: 162-167 | Views: 920 | Downloads: 281 | DOI: 10.5281/zenodo.3614743
Abstract
The concept of sharing is a unique social practice that has been redefined and extended under vast horizon of “sharing economy” by means of influencing the energy of Web 2.0 technology. Besides the passing time since the evolution of this concept there is no one concrete definition yet designed to explain what is concept of sharing economy. The ideology encompasses very varied practices and sectors and covers an extensive spectrum of organizational dimensions, such as from profit making organizations to non-profit making organizations. The sharing economy is an idea that has encompassed its roots through contemporary economics at a massive scale and continues to present digitalization at its forefront. Moreover, the sharing economy has experienced rapid increase and has a persistent impact on society; it is presently supplied with absurdities and rigidities about its limitations, effects and logic. In addition, few believe that shared based economy as a substitute to market capitalism although in reality it strengthens capitalism. On one side of the coin if the share-based economy encourages ‘more sustainable intake and manufacturing practices, [it also] urge[s] the contemporary unsustainable economic paradigm.’ This study addresses the unique problem as a whole – offers a technique to investigate that takes account of the inner range, complexity and contradictions of the sharing economy under the global, institutional and economy level dimensions. In the subsequent, we first shed light on the characteristics of the share-based economy system as a theoretical concept and later on explain the concept with the aid of case study on shared bicycles which are not yet much explored in academic arena
Keywords
Sharing economy, Access Economy, Platform Economy, Community Based Economy, China-Pakistan
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