Richer economies often have more middlemen. Economic thinking indicates that such economies

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Middlemen act as intermediaries and help to coordinate transactions between buyers and sellers. In a richer economy, there are likely to be more complex and diverse products and services, which require more specialized knowledge and expertise to trade. Without middlemen, the transaction costs would be higher, and it would be more difficult to find the right buyers and sellers. Therefore, having more middlemen in a richer economy indicates that the opportunity costs of arranging trades are potentially higher, and the economy gains from the efficiency and convenience that middlemen provide.

Richer Economies Often Have More Middlemen