Inequality of bargaining power

Inequality of bargaining power means that some people have more power or control in a situation than others. This happens when one person or group has more knowledge, resources, or influence than another. This often means that the person or group with more power has the advantage in a situation, like when buying something or deciding how something should be done. For example, if a company has lots of money, they can offer more money to buy a product than someone with not much money; this gives the company more bargaining power. Other ways people can have more bargaining power include if they are a professional or expert in their field compared to someone who is new or not as knowledgeable, or if they are well-known or have friends in powerful positions.