IMPACT OF OLA AND UBER ON TRADITIONAL TAXI DRIVERS
IMPACT OF OLA AND UBER ON TRADITIONAL TAXI DRIVERS INTRODUCTION Sharing economy is a socio-economic model concerned with the sharing of resources. It is an economic model characterised by peer-to-peer (P2P) based activity of acquiring, providing, or sharing access to goods and services. Contrary to the traditional business model of companies hiring employees to produce products to sell to consumers. It includes the shared creation,production,distribution,trade and consumption of goods and services by different people and organisations. Many a time these are facilitated by taking advantage of the numerous doors opened to us by technology. Usually through a community-based online platform.The history of taxi services have their roots in 20th Century London and New York From the early days of horse-carriages for hire in London to fleets of Crown Victoria’s weaving about NewYork. Horse-drawn carriages in London known as hackney carriages offered rides to pedestrians in densely populated