The Amelioration of Sharing Economy on Income Inequality in Developing Country

Abstract

In recent years, sharing economy has been developing rapidly all over the world. As a new business model, it provides a way to utilize goods or resources without ownership. People can use resources without purchasing them, which reduces people's use cost and improves the utilization rate of social resources. The booming sharing economy has provided massive opportunities for many people to join the market, including people from developing countries. In order to explore whether the sharing economy can help developing countries solve the problem of income inequality, we explored this issue through the existing books and literature. The prevalence of sharing economy provides many low-cost services for developing countries and reduces people's living costs. With the reduction of living expenses, people's real income increases, so they have more disposable funds. At the same time, the operation has created a large number of platforms and jobs. With the expansion of the user market and labor market, the sharing economy provides more people with a stable source of work and income.