Oxford Dictionary English sharing economy nounnoun BrE BrE//ˈʃeərɪŋ ɪkɒnəmi// ; NAmE NAmE//ˈʃerɪŋ ɪkɑːnəmi// [usually singular] Add to my wordlistjump to other resultsan economic system in which people can share possessions, services, etc., usually by means of the Internet The sharing economy lets people turn a quick profit by renting out rooms, cars or even washing machines.Check pronunciation: sharing economy oxfordlearnersdictionaries.com