What is the crowd economy? You may know it as the sharing or collaborative economy that presents an economic opportunity for ordinary citizens to monetize idle resources like an extra bedroom, tools or their car. But it also includes crowdfunding, crowdsourced services and crowd-lancing.

The crowd economy not only provides a basis for more efficient use of resources, but also reduces the strain on the environment and ecosystem services that are fast depleting.

Take a look at this video that shares some mind -boggling numbers on the potential of the sharing economy.

This video was produced by Uniiverse, a web based local marketplace to share and connect with people in real life.