MONOPSONY
Dictionary entry overview: What does monopsony mean? • MONOPSONY (noun)
The noun MONOPSONY has 1 sense:
1. (economics) a market in which goods or services are offered by several sellers but there is only one buyer
Familiarity information: MONOPSONY used as a noun is very rare.
Dictionary entry details
• MONOPSONY (noun)
Meaning:
(economics) a market in which goods or services are offered by several sellers but there is only one buyer
Classified under:
Nouns denoting stable states of affairs
Hypernyms ("monopsony" is a kind of...):
market; marketplace (the world of commercial activity where goods and services are bought and sold)
Domain category:
economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)
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