Definition of monopsony
: an oligopsony limited to one buyer
monopsonisticplay \-ˌnäp-sə-ˈnis-tik\ adjective
Recent Examples of monopsony from the Web
Besides the monopsony research, the Obama White House has focused on evidence that inequality is fueled by a shift away from labor unions and by corporate consolidation within industries.
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Origin and Etymology of monopsony
mon- + -opsony (as in oligopsony)
First Known Use: 1933See Words from the same year
Learn More about monopsony
Britannica.com: Encyclopedia article about monopsony
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