Question

In share economy there are ethical challenges to be considered. List one challenge and apply deontology or teleology to explain how these might be overcome.

Answer 1

Sharing Economy

Sharing Economy enabling the human trait to grow both local & international transaction.Today there are thousands of sharing ecomony websites whil will give us the option to share almost anything.

For excample, say you have a spare room for a week which you would like to rent out or may be you need to travel across contry, the Sharing Economy means you can see who else from yoru city is making the same journey and grab a ride.

its's not all about money many of the transaction that pass through the sharing economy do so without cash ever changing hands. After all th emore we spend, the more we consume and the more we waste. Mankind's obsession with ownership appears to be at a tipping point and the sharing ecomony is perhaps the beginning of the antidote.

Few other examples:

Agriculture

Garden Sharing

Seed Swaping

Transportation

OLA

Uber

Real Estate

Airbnb

WeWork

One of the biggest challenge in the sharing econony is "Regulatory Challenge"

Each conunty has their own Regulatory norms when the doors are opned for the other countries to enter in the market, which is often not accepted or full filled by the company or country.

A country need to consider below points to overcome regulatory challenges also need to compare these with other conutries, as many companies fail to survive if not studded well.

1. To check anti compatitive practices

2. Competition Rules

3. Transparency

4. Fees & Duties

5. Licencing

6. Taxes

7. Corporate Social Responsibility (CSR)

8. Labour Law