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Evolution of Middlemen in the Economy

Historically, middlemen facilitated communication between sellers and buyers by providing information. In contrast, modern middlemen, now often large tech platforms like OYO and Amazon, have evolved into service providers and are considered a crucial economic pillar alongside land, labor, and capital. This document highlights the significant transformation in the role and function of middlemen over time.

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Arshi Moin
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5 views1 page

Evolution of Middlemen in the Economy

Historically, middlemen facilitated communication between sellers and buyers by providing information. In contrast, modern middlemen, now often large tech platforms like OYO and Amazon, have evolved into service providers and are considered a crucial economic pillar alongside land, labor, and capital. This document highlights the significant transformation in the role and function of middlemen over time.

Uploaded by

Arshi Moin
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Historically - Middleman acted as a bridge between sellers and buyers to enable the flow of

information which was not readily available.

Modern Middleman - They act as the fourth pillar of the economy with Land, Labour and Capital.
Their role has changed drastically from information providers to service providers. And they are no
longer just individuals but large tech platforms like OYO, Uber, Amazon, MakeMyTrip, etc. In the
market.

The term Middlemen has been growing a lot over the years. Let us know the difference between its
traditional and modern functioning.

#india #management #digitalmarketing

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