Cassey

Middleman Definition.

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A middleman is an intermediary who is involved in a transaction between two other parties. Middlemen are often used in situations where two parties are not able or willing to communicate or negotiate directly with each other. Middlemen can take various forms, such as agents, brokers, or distributors. They can be used to facilitate communication, … Read more

Deflation.

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Deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). What are the types of deflation? There are four types of deflation: 1. Cost-Push Deflation: This occurs when the cost of production rises, leading to higher prices for goods … Read more