Another way to build emerging giants is for private sector businesses to fill institutional voids. Only governments can set up certain institutions, but companies can own and profitably operate many kinds of intermediaries in product and factor markets. Many institutional intermediaries facilitate the flow of information in markets; these include newspaper publishers and database vendors. Some intermediaries enhance the credibility of the claims sellers make – for instance, accounting firms, quality-certification firms and accreditation agencies.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
