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monopsony
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monopsony


In today’s more mobile world, a single monopsonistic employer is rare.
  economics:  a market in which goods or services are offered by several sellers but there is only one buyer
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monopsony monopsonistic monopsonist
Notes:
A monopsony is the opposite of a monopoly.

Standard prefix:  "mono" typically means "one", "single" or "alone".
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Samples:
  • In today’s more mobile world, a single monopsonistic employer is rare.
  • If they were alive today, like Upton Sinclair they would be amazed by the monopolies and monopsonies that now dominate the American economy, by the corruption of government officials, and by the wide disparities in wealth.
    Eric Schlosser  --  Fast Food Nation
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Associated words [difficulty]:   monopsony [9] , monopoly [2] , market share [7] , market concentration [9]
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Most commonly used in these subjects:   Business, Engineering, Public Policy & Politics
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