bargaining power definition

  • noun:
    • the capacity to influence the setting of prices or earnings, often arising from some sort of monopoly or monopsony position -- or a non-equilibrium situation available in the market.
    • The general notion of how much influence or impact a bargainer has during a negotiation.
    • The ability to affect the setting of rates or wages, generally due to some sort of dominance or monopsony place -- or a non-equilibrium situation on the market.
    • the typical notion of just how much influence or impact a bargainer has in the course of a negotiation.

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