____ Refers to the Removal of Intermediaries Between Producer and Consumer

question 17

Multiple Choice

____ refers to the removal of intermediaries between producer and consumer.

• A) direct channels
• B) market demassification
• C) consolidation
• D) disintermediation

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Definitions:

Domestic Supply

The total amount of goods and services produced within a country that is available for purchase.

Domestic Demand

The total demand for goods and services within a country's borders, excluding exports and including imports.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its trading partners.

World Price

The global market price of a commodity, determined by international supply and demand.