Dictionary

monopsony

noun mo·nop·so·ny \mə-ˈnäp-sə-nē\
plural mo·nop·so·nies

Definition of MONOPSONY

:  an oligopsony limited to one buyer
mo·nop·so·nis·tic \-ˌnäp-sə-ˈnis-tik\ adjective

Origin of MONOPSONY

mon- + -opsony (as in oligopsony)
First Known Use: 1933

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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