Middlemen: Connecting Consumers and Producers
Most of what people think about when the term “Middleman” is brought up, is somebody who doesn’t provide much value. Why hire a middleman when you could do the job yourself? Even today when the internet has lowered search and transaction costs, it seems as if the job of a middleman would soon disappear. But this notion may not be true. Middlemen provide a service of efficiency which does have value in itself, but some argue that this job will become obsolete as the internet is more widely available today. The cost of searching for an item has gone down Continue reading Middlemen: Connecting Consumers and Producers