Author(s)

Shilin Fan ¹, Pufang Cu ¹

Affiliation(s)

¹ School of Architecture and Planning, Shenyang Jianzhu University, Shenyang, 110168, China

Corresponding Author

Shilin Fan

ABSTRACT

The purpose of this study is to evaluate whether the sharing-based economy is popular in the UK market based on the analysis from individual factors and social cultural factor. The essay pointed out that there are various motivations for British consumer to join in the sharing platforms and suggested that the sharing-based economy appears to be influenced by the consumers' social cultural traits. The study called for the laws and regulations to be adapted to the development of sharing economy, the credit system to be improved, also the government and regulators should handle the conflicts between the shared economy and the traditional economy to avoid aggravating the gap between the rich and the poor.

KEYWORDS

Shared economy, environmentally friendly, consumer behavior, UK market

CITE THIS PAPER

Shilin Fan, Pufang Cu, The Sharing-based Economy in UK. Financial Engineering and Risk Management (2023) Vol. 6: 136-141. DOI: http://dx.doi.org/10.23977/ferm.2023.060416.

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