12 Facts About Platform economy

Platform economy is economic and social activity facilitated by platforms.

Since the early 2010s, the platform economy has been the subject of many reviews by academic groups and NGOs, by national governments and by transnational organisations like the EU.

Also known as the digital platform or online platform economy, the platform economy is economic and social activity facilitated by platforms.

Term digital Platform economy generally refers to all or nearly all economic activity relying on computers.

Terms "On-demand" or access economy are sometimes used in a broad sense, to include all activity from transaction platforms, and much else.

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Tasks in the gig Platform economy have been characterized as short, temporary, precarious, and unpredictable.

Many books covering the platform economy devote chapters to the challenges involved in creating platforms: both for new platform startups, and for traditional organisations wishing to adopt a platform strategy.

Platform economy owners usually attempt to promote and support all significant actors in their ecosystems, though sometimes there is a competitive relationship between the owner and some of the companies in their ecosystem, very occasionally even a hostile one.

Some early work speculated that the rise of the platform economy could be a new means by which the United States could maintain its hegemony.

However, as the platform economy in the continent continue to grow, and new platforms enter the market, there is a high level of churn .

Platform economy cooperatism involves mutually owned platforms, being run "bottom up" by the people involved.

Until 2017, most mainstream assessments of the platform economy were largely positive about its benefits to wider society.