Collaborative consumption, also known as the sharing economy, is a socio-economic model in which individuals and businesses share resources, goods, and services with one another, often through online platforms. This form of consumption promotes the idea of access over ownership, allowing people to utilize underutilized assets and reduce waste. It encourages collaboration, trust, and community building, while also providing cost-effective and convenient solutions for consumers. By sharing and exchanging resources, collaborative consumption promotes a more sustainable and efficient way of living, benefiting both individuals and the environment.