Disintermediation Is the Refusal of One Party to Use Mediators

question 48

True/False

Disintermediation is the refusal of one party to use mediators for price negotiation.

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Definitions:

Say's Law

A principle that supply creates its own demand in the market.

Recession

A brief era of economic contraction marked by diminished trading and industrial output, commonly indicated by a reduction in GDP across two successive quarters.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation.

Money Supply

The collective sum of money in an economy, taking into account cash, coins, and balances within checking and savings accounts, at a specific timeframe.