bargaining power English

Meaning bargaining power meaning

What does bargaining power mean?

bargaining power noun

— (economics) The ability to influence the setting of prices or wages, usually arising from some sort of monopoly or monopsony position -- or a non-equilibrium situation in the market.

— (business) The general concept of how much leverage or influence a bargainer has in the course of a negotiation.

Synonyms bargaining power synonyms

What other words have the same or similar meaning as bargaining power?

bargaining power English » English

market power

market competition

economic competition

competitive marketing