English version


From Longman Business Dictionary
Related topics: Economics
monopsonymo‧nop‧so‧ny /məˈnɒpsəni-ˈnɑː-/ noun [uncountable] ECONOMICS a situation where there are many sellers but only one buyer for a product or serviceMany government bureaux are in the position of monopsony in buying labour, such as firemen, army officers and policemen.monopsonist noun [countable]
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