Scott Pruitt vows at CPAC to slash climate and water pollution regulations. Head of the EPA told the conservative audience they would be ‘justified’ in believing the environmental regulator should be completely disbanded

The parent mentioned Bargaining Power. Many people, including non-native speakers, may be unfamiliar with this word. Here is the definition:(In beta, be kind)

Bargaining power is the relative ability of parties in a situation to exert influence over each other. If both parties are on an equal footing in a debate, then they will have equal bargaining power, such as in a perfectly competitive market, or between an evenly matched monopoly and monopsony. There are a number of fields where the concept of bargaining power has proven crucial to coherent analysis: game theory, labour economics, collective bargaining arrangements, diplomatic negotiations, settlement of litigation, the price of insurance, and ... [View More]

See also: Overreaching | Interstate | Labour Economics | Collective Bargaining | Monopsony | Negotiation

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