Sharing Products Rather Than Owning Them Individually Is Known as ________

question 9

Multiple Choice

Sharing products rather than owning them individually is known as ________.

• A) collaborative consumption
• B) crowdfunding
• C) crowdsourcing
• D) social networking

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Definitions:

Risk Involved

The potential for losing something of value or the possibility of a negative outcome in a given decision or action.

Loan Interest

The cost paid by the borrower to the lender for the use of borrowed money, typically expressed as an annual percentage of the loan amount.

Loanable Funds

Refers to the funds available for borrowing in the financial markets, determined by the savings of households and organizations.

Public Debt

The total amount of money owed by the government to creditors, often as a result of borrowing to finance public spending.