monopsony - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “monopsony”

monopsony

noun
 
 
/məˈnɒpsəni/ ECONOMICS
[U] a situation in a market in which there is only one buyer for goods or services offered by several sellers: Since most of the biggest marketplaces are run by buyers, they tend to risk monopsony.
[C] a buyer who is the only one in a market in which the goods or services are offered by several sellers: People have accused the big wine buyer of being a monopsony.
monopsonist noun [C]
(Definition of monopsony from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of monopsony?
Add Cambridge dictionaries to your browser to your website

Word of the Day

Morse code

a system used for sending messages, in which letters and numbers are represented by short and long marks, sounds, or flashes of light

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

e-juice noun

April 27, 2015
the liquid content in an e-cigarette, which includes nicotine and may be flavoured in various ways Cannabidiol oil that comes from industrial hemp plants, which is what is infused into our e-juice, is 100 per cent legal.

Read More