|
|
Definition of Bargaining power
1. 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. ¹
2. Noun. (business) The general concept of how much leverage or influence a bargainer has in the course of a negotiation. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Bargaining Power
Other Resources:
