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

The most popular online dictionary and thesaurus for learners of English

Definition of “monopsony” - English Dictionary

"monopsony" in Business English

See all translations

monopsonynoun

uk   us   /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]
For many years the steel industry 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

“monopsony” in Business English

A blazing row: words and phrases for arguing and arguments
A blazing row: words and phrases for arguing and arguments
by ,
May 04, 2016
by Kate Woodford We can’t always focus on the positive! This week, we’re looking at the language that is used to refer to arguing and arguments, and the differences in meaning between the various words and phrases. There are several words that suggest that people are arguing about something that is not important. (As you might

Read More 

Word of the Day

spaceship

(especially in stories) a vehicle used for travel in space

Word of the Day

trigger warning noun
trigger warning noun
May 02, 2016
a warning that a subject may trigger unpleasant emotions or memories This is not, I should stress, an argument that trigger warnings should become commonplace on campus.

Read More