countervailing power
Definition
Balancing of the market power of one group by that of another group. For example, market power of manufacturers may be balanced by the market power of retailers, and vice versa. Concept of countervailing power was proposed by the US economist John Kenneth Galbraith (1908-) in his 1952 book 'American Capitalism.'
countervailing power is in the Economics, Politics, & Society subject.
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