What is distermediation?

Answer 1

Disintermediation refers to the removal of intermediaries or middlemen from a supply chain or transaction process, allowing producers and consumers to interact directly. This concept is often facilitated by technological advancements, such as the internet, which enable businesses and individuals to connect more efficiently. As a result, disintermediation can lead to lower costs, increased transparency, and improved access to goods and services. However, it can also disrupt traditional business models and industries reliant on intermediaries.