monopsony Definition in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Definition of “monopsony” - English Dictionary

Definition of "monopsony" - Business English Dictionary

See all translations

monopsonynoun

uk   us   /məˈnɒpsəni/ ECONOMICS
[U] a ​situation in a ​market in which there is only one ​buyer for ​goods or ​servicesoffered 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]
For many ​years the ​steelindustry has ​acted as a monopsonist.
(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
faith school

a school that is financially supported by a particular religious group, usually for children from that religion

Word of the Day