HIGGLE THE MARKET Meaning and
Definition
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"Higgle the market" is a phrase often used in the realm of economics and finance, specifically pertaining to the act of negotiating or bargaining with market participants for the exchange of goods or services. It essentially refers to the act of engaging in price negotiations or haggling in order to reach a mutually acceptable agreement in a market transaction.
When individuals or businesses higgle the market, they aim to secure the most favorable terms possible for themselves, be it by negotiating lower prices, seeking additional benefits, or leveraging other advantageous conditions. This process often involves a back-and-forth between buyers and sellers, with each party presenting their offers or counteroffers until an agreement is reached or one party decides to cease negotiations.
Higgling the market is commonly associated with markets that do not have fixed prices or where price variations are either expected or allowed. In such markets, negotiation skills and the ability to haggle can significantly impact the outcome of transactions. This practice is often observed in traditional bazaars, open-air markets, and informal economies but can also be found in more formal settings, such as real estate or automobile sales.
Overall, to higgle the market is to actively participate in the negotiation process within a market, with the goal of obtaining the most advantageous terms possible for oneself.
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