In summary, the report has established that the concept of sharing economy, also referred to as collaborative economy relates to the behavior types that are based on offering, sharing, providing as well as acquiring goods and services from and towards other competitors in the industry, instead of buying them from institutions and firms. The sharing economy through the platforms like uber and Airbnb are likely to continue thriving following the fact that there are many people who are conforming to their models. As noted from the discussion, it is essential to note that there is the paradigm shift concerning the consumer behaviors which is likely to dictate such platforms.