Concept information
Preferred term
market power
Definition
- Market power describes the capability of either a buyer or a seller to negotiate, bargain, and make exchanges that are more aligned to their own preferences than to the preferences of the other. A market, where goods and services are bought and sold, is a social institution where benefits and costs are distributed. [Source: Encyclopedia of Business Ethics and Society; Market Power]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-W0C5B3LR-8
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