Final answer:
A win-win situation is one where all parties involved feel satisfied with the outcome, having achieved an agreement where everyone gains value.
Step-by-step explanation:
A situation in which both parties walk away feeling that they got what they wanted or needed can often be described as a win-win scenario. This type of outcome is desirable in negotiations because it suggests a compromise or agreement that has been reached where all involved parties feel satisfied to some degree. In the context of bargaining, whether it be in a political or market environment, a win-win situation is akin to both sides feeling that they received value comparable to what they conceded, similar to the notion of 'getting half a loaf of bread is better than no loaf at all.'