- /meuh nop"seuh nee/, n., pl. monopsonies.[1930-35; MON- + Gk opsonía shopping, purchase of provisions]
* * *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.
* * *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 is able to pay lower wages than it would under competition. Although cases of pure monopsony are rare, monopsonistic elements are found wherever there are many sellers and few purchasers.
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monopsony — [mō näp′sə nē] n. pl. monopsonies [ MON(O) + Gr opsōnia, a purchase of fish, catering < opsōnein, to buy victuals < opson, cooked food, fish < o , with + base of psōmos, a morsel] Econ. a situation in which there is only one buyer for a… … English World dictionary
Monopsony — In economics, a monopsony (from Ancient Greek μόνος (monos) single + ὀψωνία (opsōnia) purchase ) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one… … Wikipedia
monopsony — The existence of only one buyer in a market, forcing sellers to accept a lower price than the socially optimal price. Bloomberg Financial Dictionary * * * monopsony mo‧nop‧so‧ny [məˈnɒpsəni ǁ ˈnɑː ] noun [uncountable] ECONOMICS a situation where… … Financial and business terms
Monopsony — A market similar to a monopoly except that a large buyer not seller controls a large proportion of the market and drives the prices down. Sometimes referred to as the buyer s monopoly. People have accused Ernest and Julio Gallo (the big wine… … Investment dictionary
monopsony — /mə nɒpsəni/ noun a situation where there is only one buyer for a particular product or service ● Monopsony gives the buyer leverage in demanding a low price … Marketing dictionary in english
monopsony — noun (plural nies) Etymology: mon + opsony (as in oligopsony) Date: 1933 an oligopsony limited to one buyer • monopsonistic adjective … New Collegiate Dictionary
monopsony — noun /məˈnɒpsəni/ A market situation in which there is only one buyer for a product. Ant: monopoly … Wiktionary
monopsony — mÉ™ nÉ‘psÉ™nÉª / nÉ’p n. condition in which there is one consumer who has a monopoly which enables him to dictate prices and salary … English contemporary dictionary
Monopsony — The only buyer with control over market purchases. California Energy Comission. Dictionary of Energy Terms … Energy terms
monopsony — [mə nɒpsəni] noun (plural monopsonies) Economics a market situation in which there is only one buyer. Origin 1930s: from mono + Gk opsōnein buy provisions + y3 … English new terms dictionary