monopsony

English - Turkish

Definition of monopsony in English Turkish dictionary

(Ticaret) alıcı tekeli

(Ticaret) monopson

(Ticaret) monopsoni

English - English

Definition of monopsony in English English dictionary

A market situation in which there is only one buyer for a product

A market in which there is a single buyer of an output

A market in which there's only one buyer

The only buyer with control over market purchases

{i} condition in which there is one consumer who has a monopoly which enables him to dictate prices and salary

A market in which there is only one buyer for a commodity or service (See Monopoly, Oligopoly)

a buyers' monopoly, a situation in which there is only one buyer

A market for a good or service in which there is only one buyer

A market structure with only a single buyer of a product who is able, therefore, to set the buying price The classic examples include the demand for labor in a one-company town and the purchase of all output from certain mines by a large manufacturer

a situation in which there is a single buyer of a particular good or service in a given market (chapter 13)

A market with one dominant buyer

In economic theory, market situation in which there is only one buyer. An example of pure monopsony is a firm that is the only buyer of labour in an isolated town; such a firm would be able to pay lower wages to its employees than it would if other firms were present. Though cases of pure monopsony are rare, monopsonistic elements are found wherever there are many sellers and few purchasers

a monopsony is a market situation in which there is only one buyer

(economics) a market in which goods or services are offered by several sellers but there is only one buyer

Hyphenation

mo·nop·so·ny

Antonyms

monopoly

Etymology

[ m&-'näp-s&-nE ] (noun.) 1933. From mon- +‎ Ancient Greek ὀψωνέω (opsōneō, “buy products”) +‎ -y. Coined by classics scholar Bertrand Hallward|Bertrand Hallward]] of Peterhouse College, Cambridge|Peterhouse College, Cambridge]], popularized by economist Joan Robinson|Joan Robinson]] in her 1933 book, The Economics of Imperfect Competition.