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
https://concepts.sagepub.com/social-science/concept/market_power
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}