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Definition of Monopsony
1. Noun. (economics) a market in which goods or services are offered by several sellers but there is only one buyer.
Generic synonyms: Market, Market Place, Marketplace
Category relationships: Economic Science, Economics, Political Economy
Category relationships: Economic Science, Economics, Political Economy
Definition of Monopsony
1. Noun. A market situation in which there is only one buyer for a product. ¹
¹ Source: wiktionary.com
Definition of Monopsony
1. [n -NIES]
Lexicographical Neighbors of Monopsony
Literary usage of Monopsony
Below you will find example usage of this term as found in modern and/or classical literature:
1. Biological, Social, and Organizational Components of Success for Women in by National Academy of Sciences (U.S., National Academy of Engineering, Institute of Medicine (U.S. (2006)
"Economic models of monopsony (where the university acts as the sole purchaser
... Both the monopsony and loyal servant explanations would be evident in the ..."
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