MONOPSONY
(noun)Definitions
There is 1 meaning of the word
Monopsony.
How to pronounce monopsony:
UK
Monopsony - as a noun
(economics) a market in which goods or services are offered by several sellers but there is only one buyer
Example Sentences
"The company has a monopsony in the labor market, allowing it to dictate low wages."
"The government's decision to grant exclusive contracts to a single supplier created a monopsony situation."
"The monopsony power of large retail chains can squeeze profits from small suppliers."
"The lack of competition in the industry has led to a monopsony, with only one buyer for goods and services."
"The agricultural sector is dominated by a monopsony of a few major buyers."
Word Game Points
Is MONOPSONY a valid Scrabble word?
Yes, monopsony is valid for both Scrabble US and EU
MONOPSONY has a SCRABBLE points total of 16.
Is MONOPSONY a valid Words With Friends word?
Yes, monopsony is valid for Words With Friends
Valid WordMONOPSONY has a WORDS WITH FRIENDS points total of 19.
Is MONOPSONY a valid WordFeud word?
Yes, monopsony is valid for WordFeud
Valid WordMONOPSONY has a WORDFEUD points total of 17.
