Library > Literature & Language > Dictionary ( mÉ™-nŏp ’ sÉ™-nÄ“ ) n. , pl. , -nies. In economics, a monopsony is a market form in which only one buyer faces many sellers. In economic theory, market situation in which there is only one buyer. A market situation in which the product or service of several sellers is sought. Monopsony Defined - A Dictionary Definition of Monopsony. Definition: Monopsony is a state in which demand comes from one source. An example of pure monopsony is a firm that is the only buyer of labour. Definition of MONOPSONY: an oligopsony limited to one buyer — mo·nop·so·nis·tic -ËŒ näp-sÉ™-ˈ nis-tik\ adjective. This is analogous to the case of a monopoly in which there is only one. Origin: 1930–35; mon- + Greek opsōnía shopping.

In economics, a monopsony is a market form in which only one buyer faces many sellers. In economics, a monopsony is a market with only one buyer in the market, often an input market. It is an example of imperfect competition, similar to a monopoly Monopsony Defined - A Dictionary Definition of Monopsony. In economic theory, market situation in which there is only one buyer. noun, plural -nies. the market condition that exists when there is one buyer. A market situation in which the product or service of several sellers is sought by only one buyer This article only describes one highly specialized aspect of its associated subject. Definition: Monopsony is a state in which demand comes from one source. An example of pure monopsony is a firm that is the only buyer of labour in an isolated town.



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