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An [economic system] organised around digital platforms that mediate transactions between producers and consumers. Unlike traditional firms, platforms do not own the means of production; they own the [infrastructure] that connects supply and demand (e.g., Uber owns no cars, Airbnb no properties). The platform economy is characterised by network effects, data extraction, algorithmic management, and the classification of workers as [independent] contractors. It generates wealth for platform owners while shifting risks and costs onto users and labour.
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