monopsony

Noun

A market situation in which there is only one buyer for a particular product or service.

ریشه

From the Greek words 'monos' meaning 'alone' and 'opsōnia' meaning 'purchase'.

مثال

• The company's dominance created a monopsony in the industry.
• The government is concerned about the existence of a monopsony in the labor market.
• Monopsony can lead to lower wages for workers.

ترکیب‌های رایج

Create a monopsony Existence of monopsony Monopsony in the labor market Breaking up the monopsony