Countervailing Power, or countervailence, is the idea in political theory of institutionalized mechanisms that the wielding of power within a polity having two or more centers can, and often does, provide counter-forces that usefully oppose each other. This political organization stands in contrast to polities such as principalities where `variou....
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http://en.wikipedia.org/wiki/Countervailing_power
In economics, the belief that too much power held by one group or company can be balanced or neutralized by another, creating a compatible relationship, such as trade unions in the case of strong...
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http://www.encyclo.co.uk/local/20688
The power that may be available to a trader (buyer or seller) to create or reveal effective competitive constraints faced by its counter-parties (sellers or buyers), in particular through the possibility of self-supply and/or of sponsoring the entry of a new competitor.
Found on
https://www.encyclo.co.uk/local/20488
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