Final answer:
Intermediaries are agents, software, or businesses that provide the infrastructure to connect buyers and sellers, facilitating efficient market operations and transactions.
Step-by-step explanation:
Agents, software, or businesses that provide a trading infrastructure to bring buyers and sellers together are known as intermediaries. These entities facilitate transactions between parties, often allowing for more efficient market operations. Some examples of intermediaries include stock exchanges, which provide the infrastructure for buying and selling shares, or online marketplaces, such as eBay or Amazon, which connect buyers to sellers of goods and services.
Another common type of intermediary would be real estate agents, who match home buyers with sellers. The role of intermediaries is to reduce transaction costs that might otherwise prevent commerce and to provide a level of trust and order in the marketplace.
Intermediaries are individuals or companies that behave as middlemen between parties for investment deals, business deals, negotiations, insurances, etc. They are commonly known as consultants or brokers and are specialised in a specific area.
They give all the required information about a product to the customers and also streamline a company’s processes. In other words, intermediaries are third-party agents or individuals between parties for a specific deal.