Explain the Differences Between Inclusive and Extractive Economic Institutions

question 90

Essay

Explain the differences between inclusive and extractive economic institutions.

---

Definitions:

Farmer's Market

A public marketplace where local farmers and artisans sell their produce, goods, and crafts directly to consumers.

Retailer

A business entity that sells goods or services directly to end consumers.

Intermediaries

Individuals or businesses that act as a middleman in the distribution chain between producers and consumers, such as wholesalers or agents.

Middleman

A generic term for intermediaries in the distribution channel who facilitate transactions between producers and end consumers.