HAGGLER - meaning and definition. What is HAGGLER
Diclib.com
ChatGPT AI Dictionary
Enter a word or phrase in any language 👆
Language:

Translation and analysis of words by ChatGPT artificial intelligence

On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:

  • how the word is used
  • frequency of use
  • it is used more often in oral or written speech
  • word translation options
  • usage examples (several phrases with translation)
  • etymology

What (who) is HAGGLER - definition

TYPE OF NEGOTIATION IN WHICH THE BUYER AND SELLER OF A GOOD OR SERVICE DEBATE THE PRICE AND EXACT NATURE OF A TRANSACTION
Haggling; Bargaining theory; Higgle; Arms-length bargaining; Dicker; Dickering; Bargained; Bargainer; Bargainers; Haggles; Haggled; Haggler; Hagglers; Dickers; Dickered; Automated bargaining
  • Spice market [[Djerba]], [[Tunisia]].
  • Tripoli]], [[Libya]]
  • People bargaining in a traditional [[Indonesia]]n ''[[pasar malam]]'' ([[night market]]) in Rawasari, [[Central Jakarta]].

Haggler         
·noun One who haggles or is difficult in bargaining.
II. Haggler ·noun One who forestalls a market; a middleman between producer and dealer in London vegetable markets.
Haggling         
·p.pr. & ·vb.n. of Haggle.
Haggled         
·Impf & ·p.p. of Haggle.

Wikipedia

Bargaining

In the social sciences, bargaining or haggling is a type of negotiation in which the buyer and seller of a good or service debate the price or nature of a transaction. If the bargaining produces agreement on terms, the transaction takes place. It is often commonplace in poorer countries, or poorer localities within any specific country. Haggling can mostly be seen within street markets worldwide, wherein there remains no guarantee of the origin and authenticity of available products. Many people attribute it as a skill, but there remains no guarantee that the price put forth by the buyer would be acknowledged by the seller, resulting in losses of profit and even turnover in some cases. A growth in the country's GDP Per Capita Income is bound to reduce both the ill-effects of bargaining and the unscrupulous practices undertaken by vendors at street markets.

Although the most apparent aspect of bargaining in markets is as an alternative pricing strategy to fixed prices, it can also include making arrangements for credit or bulk purchasing, as well as serving as an important method of clienteling.

Bargaining has largely disappeared in parts of the world where retail stores with fixed prices are the most common place to purchase goods. However, for expensive goods such as homes, antiques and collectibles, jewellery and automobiles, bargaining can remain commonplace.

Dickering and "haggling" refer to the same process.

Examples of use of HAGGLER
1. I turned out to be a terrible haggler, paying 300 pesos – about $28 – for a sombrero I later found out was worth half that.
2. Come on, help the poor!‘ He drove a hard bargain and he was a great haggler, but he always gave to charity.
3. Like an experienced haggler, the Finance Ministry wants to get back some of the additions necessary to set the reform in motion – by cutting the rehabilitation budget and anchoring the authority to make cuts in the Rehabilitation Law.