0 the situation in which sellers and buyers of financial products deal directly with each other, rather than using banks, etc.:
1 the situation in which manufacturers sell directly to consumers, rather than through stores, etc.:
Throughout Europe, governments are anticipating a devastation of the retail sector workforce caused by 'disintermediation': the elimination of the middleman.
Coupled with other changes in the asset structure, this trend might just indicate a new operation strategy towards disintermediation.
Introducing the relevant regulations and differences across intermediaries that are part of the disintermediation story are beyond the scope of this paper.
While disintermediation may have been the moment that redirected the relationship between producer and consumer, it is the relationship of the industry to fans that is significant in 2003.
A high degree of market transparency can result in disintermediation due to the buyer's increased knowledge of supply pricing.
Virtual communities also provide the advantage of disintermediation in commercial transactions, which eliminates vendors and connects buyers directly to suppliers.
In addition, online retailing or e-commerce is leading to disintermediation.
Early peer-to-peer lending was also characterized by disintermediation and reliance on social networks but these features have started to disappear.
Eventually, this pre-eminence would be undermined by technological and economic changes that would eliminate the advantages of the entrept and promote disintermediation.
