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In page Intra-household bargaining:
"In the context of economic society, the concept of threat point or fallback position can be applied to understand the dynamics of power and negotiation within different societal structures, such as households, labor markets, and even countries. It provides a framework for understanding how individuals or groups negotiate and make decisions based on their best alternatives, and how this affects their wellbeing and influence within their respective societal structures.[citation needed]
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