Video: the sharing economy

(A2), B1, B2, (C1)

Today you can rent a room for the night in a stranger's house, pay for a seat in somebody's car, or borrow a tool from someone living near you in exchange for a small rental charge. These are all examples of the "sharing economy". In this short video, you will learn how the sharing economy is changing the way we consume products and services. Video time: 2 minutes 48 seconds. Activity time: 25 to 50 minutes


1 Before watching, think about these questions:
  • In what areas of business do we find examples of the sharing economy?
  • What is the public response to the sharing economy?
  • What are its benefits or advantages? 
  • What are the issues or disadvantages?
  • What should traditional companies do when faced with this new competition?

2  Now watch the video above and make notes on the questions in 1

3  Match the words on the left with those on the right. Watch the video again to check.

4   Now match the word combinations in 3 with these sentences 

a   After the big storm, 100,000 homes are without electricity.
b   Their sales have doubled in the last year.
c   Half their offices are empty.
d   They make their money from advertising.
e   It's cheaper to rent a room in a house than in a hotel.
f   Our local shop is a lot nearer than the supermarket.
g  People are worried, but there's no easy solution.
h  Their products aren't always in good condition.
i   People generally shop at the end of the month.
j   We bought our house but the running costs are very high.  

 The answers are below

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