The on-demand economy is a service or product built on letting users request a physical object, a piece of data, or service and have it fulfilled soon after.
We often use on-demand economy synonymously with the gig economy, shared economy, crowdsourcing, or it’s like Uber, but for X. But the on-demand economy is an umbrella term for all those things in one way or another. Those terms talk about who or what is fulfilling the service, while on-demand includes it all.
The on-demand economy is a business, service, or product built on letting users request a physical object, a piece of data, or service and have that request fulfilled. It’s built on the concept of instant gratification, the psychological feeling consumers get when they can instantaneously make a transaction, and possibly follow the path of it all the way to fulfillment.
In short, you want something, and you want it now, and the on-demand economy fulfills it.