Definitions for monopsony
məˈnɒp sə nimonop·sony

Princeton's WordNetRate this definition:0.0 / 0 votes

1. monopsonynoun

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

WiktionaryRate this definition:0.0 / 0 votes

1. monopsonynoun

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

2. Etymology: From ὀψωνέω.

WikipediaRate this definition:0.0 / 0 votes

1. Monopsony

   In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. The microeconomic theory of monopsony assumes a single entity to have market power over all sellers as the only purchaser of a good or service. This is a similar power to that of a monopolist, which can influence the price for its buyers in a monopoly, where multiple buyers have only one seller of a good or service available to purchase from.

ChatGPTRate this definition:0.0 / 0 votes

1. monopsony

   A monopsony is a market condition in which there is only one buyer or purchasing entity for a particular product or service, giving them significant power to dictate terms to suppliers. This situation is the opposite of a monopoly, where there is only one seller. This term is often used in the context of labor markets, where a single employer has control over the wages it pays to its workers.

WikidataRate this definition:0.0 / 0 votes

1. Monopsony

   In economics, a monopsony is a market form in which only one buyer faces many sellers. In the microeconomic theory of imperfect competition, the monopsonist is assumed to be able to dictate terms to its suppliers, as the only purchaser of a good or service, much in the same manner that a monopolist is said to control the market for its buyers in a monopoly, in which only one seller faces many buyers. In addition to its use in microeconomic theory, monopsony and monopsonist are descriptive terms often used to describe a market where a single buyer substantially controls the market as the major purchaser of goods and services. Examples include the military industry and the space industry.

Matched Categories

1. • Economics
   • Market

Usage in printed sourcesFrom: 

1. [["1775","1"],["1830","3"],["1900","1"],["1931","1"],["1933","82"],["1934","42"],["1935","4"],["1936","10"],["1937","46"],["1938","55"],["1939","30"],["1940","33"],["1941","202"],["1942","152"],["1943","163"],["1944","89"],["1945","53"],["1946","115"],["1947","132"],["1948","498"],["1949","404"],["1950","625"],["1951","158"],["1952","523"],["1953","339"],["1954","254"],["1955","397"],["1956","370"],["1957","182"],["1958","276"],["1959","383"],["1960","417"],["1961","400"],["1962","416"],["1963","402"],["1964","558"],["1965","424"],["1966","547"],["1967","335"],["1968","674"],["1969","568"],["1970","934"],["1971","705"],["1972","639"],["1973","1051"],["1974","645"],["1975","1209"],["1976","900"],["1977","675"],["1978","983"],["1979","1294"],["1980","1230"],["1981","1174"],["1982","1566"],["1983","1175"],["1984","1476"],["1985","1295"],["1986","1843"],["1987","1092"],["1988","1982"],["1989","1511"],["1990","1469"],["1991","1195"],["1992","1868"],["1993","1484"],["1994","2088"],["1995","1960"],["1996","1488"],["1997","1389"],["1998","2436"],["1999","1622"],["2000","1852"],["2001","2447"],["2002","1903"],["2003","2378"],["2004","2330"],["2005","2098"],["2006","2035"],["2007","2425"],["2008","2282"]]

How to pronounce monopsony?

1. Alex

   US English

   David

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   Mark

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   Daniel

   British

   Libby

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   Mia

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   Australian

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   Indian

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   Neerja

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   Oliver

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   South African

How to say monopsony in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of monopsony in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of monopsony in Pythagorean Numerology is: 2

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=monopsony
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Monopsony
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Monopsony
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=monopsony
6. ^ Usage in printed sources
   https://books.google.com/ngrams/graph?content=monopsony