What is the synonym of countervailing?
In this page you can discover 16 synonyms, antonyms, idiomatic expressions, and related words for countervail, like: balance, substitute, counteract, counterbalance, counterpoise, make up, neutralize, compensate, offset, set off and outweigh.
Is countervailing a duty?
Countervailing duty (CVD) is a specific form of duty that the government imposes in order to protect domestic producers by countering the negative impact of import subsidies. CVD is thus an import tax by the importing country on imported products.
What is silent authority?
Silent Authority The silent application of authority (what we call silent authority ) occurs when someone complies with a request because of the requester’s legitimate hierarchical power as well as the target person’s role expectations. We often refer to this condition as deference to authority.
What is countervailing evidence?
influencing something in an opposite but equally strong way. countervailing evidence.
Which is the best definition of Countervailing Power?
Definition: Countervailing Power. Countervailing power is the balancing of the power of one group by another group. In marketing terminology, countervailing power refers to the power of the large buyers (trade unions/ stockist etc.) to create competition between its potential suppliers.
Who is the founder of countervailing power theory?
In the 20th century, “Countervailing Power” is a theory of political modification of markets, formulated by American economist John Kenneth Galbraith in his 1952 book American Capitalism.
When did John Kenneth Galbraith write countervailing power?
Modern economies give massive powers to large business corporations to bias this process, and there arise ‘countervailing’ powers in the form of trade unions, citizens’ organizations and so on, to offset business’s excessive advantage. American Capitalism: The Concept of Countervailing Power is a book by John Kenneth Galbraith, written in 1952.
What is the role of countervailing power in market failure?
Galbraith highlights the role of “Countervailing Power” in dealing with market failure & outlines its operation at the micro, and at the macro levels. At the micro level, firms might merge or band together to influence the price. Individual wage earners might also combine in unions to influence wage rates.