monopsony.

A market situation in which one buyer faces multiple potential sellers and has substantial purchasing power.

Use it for

Words that belong together

• labor monopsony
• monopsony power

On the page

The isolated town’s single major employer created conditions associated with labor monopsony.

The study examined monopsony power rather than assuming that every worker could readily change employers.

Usage notes

Primary category: economics / business / social science. Forms: Singular monopsony; plural monopsonies. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: financial analysis, risk evaluation, comparison, explanation. Disciplines: economics, finance, business. Commonness: uncommon.