Middlemen is: reduce transactions costs. or impede trade and hinder economic growth?

Trade Studies Financial Transactions Economics

Question added by Samer Khatib , Economics Moderator , Bayt.com
Date Posted: 2016/10/07

Upvote (0) Views (2) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Harikrishnan Kalarikkal Joshi , Accountant and Auditor. , Mnoj&co

according to me middlemen may increase the transactions cost due to the fact that he might charge his profit too in the transaction. but if their is a middlemen the transaction become less time consuming.

Upvote (0)

Downvote Reply () Report

More Questions Like This

According to the entrepreneurial(market-driven)solution of the Roman grain trade, which of the following would NOT have created high transaction costs?
Top Answer: The cost to determine the quality of contracted supply. See More

Answers (1)
In humanitarian organisations, stock means preparedness and responsiveness but cost at the same time, how can an NGO reduce inventory cost?
Top Answer: Difficult to answer !!! but very good question Basic fundamental in reducing or making cost control over ... See More

Answers (1)
Forexnx : what is the great advantage of forex trading?
Top Answer: Yes, I agree with you! I also like to trade on the forex market. This is a great opportunity to earn good ... See More

Answers (5)
The economic term for the costs associated with negotiating and enforcing a contract is:
Top Answer: Answer option __________________D See More

Answers (18)

Products By Bayt.com

Use Our Mobile App

Start networking and exchanging professional insights

Middlemen is: reduce transactions costs. or impede trade and hinder economic growth?

Popular Searches

More Questions Like This