Bargaining

Bargaining is a negotiation process in which two or more parties attempt to reach an agreement on specific terms or conditions. It often involves discussing and compromising on various aspects to arrive at a mutually acceptable outcome. Bargaining is commonly used in various contexts, including: 1. **Commerce**: Buyers and sellers may negotiate prices, quantities, and terms of sale. 2. **Labor Relations**: Unions and employers negotiate employment contracts, wages, and working conditions.