Editing Bargaining (section)

{{short description|Negotiation between a buyer and seller over the price and nature of their transaction}}
{{Other uses}}
{{redirect2|Dicker|Dickering||Dicker (disambiguation)}}
{{more citations needed|date=August 2018}}
[[File:Pasar Malam Rawasari 11.JPG|thumb|340px|People bargaining in a traditional [[Indonesia]]n ''[[pasar malam]]'' ([[night market]]) in Rawasari, [[Central Jakarta]].]]

In the [[social science]]s, '''bargaining''' or '''haggling''' is a type of [[negotiation]] in which the [[buyer]] and [[seller]] of a [[Goods and services|good or service]] debate the [[price]] or nature of a [[Financial transaction|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 market]]s 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 (economics)|profit]] and even [[Inventory turnover|turnover]] in some cases. A growth in the country's [[Per capita income|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 price]]s, it can also include making arrangements for [[credit]] or [[bulk purchasing]], as well as serving as an important method of [[clienteling]]. <ref>{{cite web|url=http://hypergeertz.jku.at/GeertzTexts/Bazaar_Economy.htm|title=Bazaar Economy by Clifford Geertz|access-date=28 September 2021}}</ref>

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

'''Dickering''' and "haggling" refer to the same process.