MONOPSONY

Pronunciation (US):

(GB):

 Dictionary entry overview: What does monopsony mean? 

• MONOPSONY (noun)
  The noun MONOPSONY has 1 sense:

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

  Familiarity information: MONOPSONY used as a noun is very rare.

 Dictionary entry details 

• MONOPSONY (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting stable states of affairs

Hypernyms ("monopsony" is a kind of...):

market; market place; marketplace (the world of commercial activity where goods and services are bought and sold)

Domain category:

economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)