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marvin formerly operated a lawn care company for 15 years. now, he has an abundance of underutilized resources, including industrial lawnmowers and weeding equipment. he decides to start a new business that rents out these resources for an hourly rate. this is an example of the

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Business thar Marvin does is the example of the sharing economy.

The collaborative consumption or peer-to-peer-based sharing also known as sharing economy can be defined as a concept that highlights the ability  and perhaps the preference of individuals to rent or borrow goods rather than buy and own them. The sharing economy also can be defined as a socio-economic system built around the sharing of resources in the capitalism. The socio-economic system often involves a way of services and purchasing goods that differs from the traditional business model of companies hiring employees to produce products to sell to consumers.

Learn more about sharing economy here https://brainly.com/question/1418025

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