The process of bringing together buyers and sellers in a market is called:
A) intermediation.
B) supply and demand.
C) the invisible hand.
D) equilibrium.

Question

Quizplus · Accepted Answer

Intermediation refers to the role of intermediaries, or middlemen, who facilitate transactions between buyers and sellers, bringing them together in a market. This can include brokers, agents, wholesalers, and retailers who help match buyer needs and seller offerings, negotiate agreements, and exchange products or services for payment. Intermediaries can add value by providing information, reducing transaction costs, creating liquidity, and balancing supply and demand.

The Process of Bringing Together Buyers and Sellers in a Market