Peer Production
Noun · Open Source
Definitions
A model of production in which large numbers of distributed participants collaboratively create shared goods without relying entirely on traditional hierarchical firms or market contracts. Open source software is one of the canonical examples of peer production.
In plain English: A way of creating things through large-scale collaboration among many participants rather than one traditional company structure.
Example: "Wikipedia and Linux are often cited as proof that peer production can scale far beyond niche hobby projects."