OLIGOPSONY
(noun)Definitions
There is 1 meaning of the word
Oligopsony.
Oligopsony - as a noun
An economic condition in which a small number of buyers exert control over the market price of a commodity.
Example Sentences
"The agricultural economy in this region is dominated by an oligopsony of large food processing corporations."
"The market for rare earth metals is characterized by an oligopsony, with only a few buyers controlling the entire industry."
"The presence of an oligopsony in the pharmaceutical industry allows a few large buyers to exert significant control over drug prices."
"The oligopsony in the fashion industry results in a few powerful retailers dictating terms to clothing manufacturers."
"In some developing countries, the oligopsony of multinational corporations limits the bargaining power of local farmers."
Word Game Points
Is OLIGOPSONY a valid Scrabble word?
Yes, oligopsony is valid for both Scrabble US and EU
OLIGOPSONY has a SCRABBLE points total of 16.
Is OLIGOPSONY a valid Words With Friends word?
Yes, oligopsony is valid for Words With Friends
Valid WordOLIGOPSONY has a WORDS WITH FRIENDS points total of 19.
Is OLIGOPSONY a valid WordFeud word?
Yes, oligopsony is valid for WordFeud
Valid WordOLIGOPSONY has a WORDFEUD points total of 18.
