Overview

middleman


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A person or organization that makes a profit by trading in goods as an intermediary between the producer and the consumer. Middlemen include agents, brokers, dealers, merchants, factors, wholesalers, distributors, and retailers. They earn their profit by providing a variety of different services, including finance, bulk buying, holding stocks, breaking bulk, risk sharing, making a market and stabilizing prices, providing information about products (to consumers) and about markets (to producers), providing a distribution network, and introducing buyers to sellers.

Subjects: Financial Institutions and Services.


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