Bargaining is a negotiation process where two or more parties discuss terms to reach an agreement. It often involves haggling over prices, conditions, or services, allowing each party to express their needs and preferences. This practice is common in various settings, such as markets, real estate, and business deals. In bargaining, each party typically starts with an initial offer, which may be adjusted through counteroffers. Effective bargaining requires good communication skills, patience, and an understanding of the other party's interests. Successful outcomes can lead to mutually beneficial agreements, enhancing relationships and fostering cooperation.