Peer-to-Peer (P2P) Economy,
Definition of Peer-to-Peer (P2P) Economy:
A peer-to-peer (P2P) economy is a decentralized model in which two people negotiate directly to buy, sell, or jointly produce goods and services without the help or intermediary of a business or commercial entity. In peer-to-peer transactions, buyers and sellers communicate directly with each other about the delivery of goods or services and the exchange of payments. In a peer-to-peer economy, producers are usually independent individuals or contractors who own the tools (or means of production) and the final product.
- A peer-to-peer (P2P) economy is one in which individuals conduct direct business transactions or cooperate in production with some or some third party intermediaries.
- Advanced technology has helped improve people's ability to participate in P2P economic activities.
- Factors that determine whether P2P or intermediate business activities are more feasible and efficient include economies of scale, transaction costs, business specialization and management, and risk and uncertainty.
Literal Meanings of Peer-to-Peer (P2P) Economy
Meanings of Peer:
Look closely at someone or something.
Create or be the same or in the same category.
Members of the nobility in Great Britain or Ireland, consisting of Duke, Marquis, Earl, Wescount and Baron.
Individuals of the same age, status, or abilities as other people.
Sentences of Peer
Blake closed his eyes and tried to peek through the fog.
The River Thames can't be seen near my house.
Hereditary partners can still dominate the views of the House of Lords.
He faced a lot of criticism from his peers.
Synonyms of Peer
nobleman, lady, aristocrat, titled man, co-worker, look closely, peeress, member of the aristocracy, titled person, screw up one's eyes, peer of the realm, look through narrowed eyes, try to see, rival, fellow, noble, match, patrician, equal, look earnestly, member of the nobility
Meanings of To:
Express movement (specific location)
Proximity or limit (some conditions)
Identify the person or thing in question.
It shows that two things are connected.
Annoying or potentially annoying (some, especially some abstract)
Used to add another item to the competition.
Close or shut down.
It is used with the basic form of the verb to indicate that the verb is infinite.
It is used without following the verb when the missing verb is clearly understood.
Sentences of To
Get out of the mall
Christopher's expression turned from surprise to joy.
You're too bad for that
Married cousin John
He locked his motorcycle in the fence.
This is nothing compared to before.
The door slammed behind him
He asked her to come, but she said he did not want to come.
Synonyms of To
in the direction of, tight, fastened, so as to near, secure, secured, toward, so as to approach, firmly fixed, to
Meanings of P:
Cents or cents.
Tip (in units of measurement) (10¹²)
Position of electrons and orbits with angular momentum units.
Sentences of P
Consider an "S" for Speedy and a "P" for Polly with the red frosting on top of the cake.
Meanings of Economy:
Wealth and resources of a country or region, especially those related to the production and consumption of goods and services.
(Of a product) that offers a good value for money.
Sentences of Economy
The global economic slowdown has weakened demand for Japan's high-tech exports, forcing manufacturers to cut back on production.
Synonyms of Economy
restraint, careful budgeting, good husbandry, thrift, scrimping, economizing, providence, good management, canniness, scrimping and saving, abstemiousness, frugality, saving, prudence, resources, carefulness, thriftiness, care, financial resources, fuel-saving, wealth