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Meaning of "monopsony" in the English dictionary

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DICTIONARY
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ETYMOLOGY OF THE WORD MONOPSONY

Mono- + Greek opsōnia purchase, from opsōnein to buy.
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Etymology is the study of the origin of words and their changes in structure and significance.
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PRONUNCIATION OF MONOPSONY

monopsony  [məˈnɒpsənɪ] play
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GRAMMATICAL CATEGORY OF MONOPSONY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Monopsony is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES MONOPSONY MEAN IN ENGLISH?

Monopsony

In economics, a monopsony (from Ancient Greek μόνος (mónos) "single" + ὀψωνία (opsōnía) "purchase") is a market form in which only one buyer interfaces with many sellers. The microeconomic theory of imperfect competition assumes the monopsonist can dictate terms to its suppliers, as the only purchaser of a good or service, much in the same manner that a monopolist is said to control the market for its buyers in a monopoly, in which only one seller faces many buyers. In addition to its use in microeconomic theory, monopsony and monopsonist are descriptive terms often used to describe a market where a single buyer substantially controls the market as the major purchaser of goods and services. Examples include the military industry, space industry, and the world diamond supply as once dominated by South Africa.

Definition of monopsony in the English dictionary

The definition of monopsony in the dictionary is a situation in which the entire market demand for a product or service consists of only one buyer.

WORDS THAT RHYME WITH MONOPSONY


accompany
əˈkʌmpənɪ
Albany
ˈɔːlbənɪ
Anthony
ˈæntənɪ
Antony
ˈæntənɪ
balcony
ˈbælkənɪ
Bethany
ˈbɛθənɪ
Brittany
ˈbrɪtənɪ
ceremony
ˈsɛrɪmənɪ
colony
ˈkɒlənɪ
company
ˈkʌmpənɪ
duopsony
djuːˈɒpsənɪ
ebony
ˈɛbənɪ
Germany
ˈdʒɜːmənɪ
harmony
ˈhɑːmənɪ
mahogany
məˈhɒɡənɪ
oligopsony
ˌɒlɪˈɡɒpsənɪ
saxony
ˈsæksənɪ
symphony
ˈsɪmfənɪ
testimony
ˈtɛstɪmənɪ
tiffany
ˈtɪfənɪ

WORDS THAT BEGIN LIKE MONOPSONY

monopolistic
monopolistic competition
monopolistically
monopolization
monopolize
monopolizer
monopoly
Monopoly money
monoprionidian
monopropellant
monopsonies
monopsonist
monopsonistic
monoptera
monopteral
monopteroi
monopteron
monopteros
monoptote
monopulse

WORDS THAT END LIKE MONOPSONY

agony
awards ceremony
bony
fashiony
felony
hegemony
irony
lemony
matrimony
mony
ony
opening ceremony
peony
phony
pony
Pozsony
simony
stony
telephony
tony

Synonyms and antonyms of monopsony in the English dictionary of synonyms

SYNONYMS

Translation of «monopsony» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF MONOPSONY

Find out the translation of monopsony to 25 languages with our English multilingual translator.
The translations of monopsony from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «monopsony» in English.

Translator English - Chinese

买方垄断
1,325 millions of speakers

Translator English - Spanish

monopsonio
570 millions of speakers

English

monopsony
510 millions of speakers

Translator English - Hindi

क्रेता एकाधिकार
380 millions of speakers
ar

Translator English - Arabic

monopsony
280 millions of speakers

Translator English - Russian

монопсонии
278 millions of speakers

Translator English - Portuguese

monopsônio
270 millions of speakers

Translator English - Bengali

monopsony
260 millions of speakers

Translator English - French

monopsone
220 millions of speakers

Translator English - Malay

Monopoli
190 millions of speakers

Translator English - German

Nachfragemonopol
180 millions of speakers

Translator English - Japanese

需要独占
130 millions of speakers

Translator English - Korean

수요 독점
85 millions of speakers

Translator English - Javanese

Monopsony
85 millions of speakers
vi

Translator English - Vietnamese

độc quyền mua
80 millions of speakers

Translator English - Tamil

மோனோப்சோனியால்
75 millions of speakers

Translator English - Marathi

मोनपास्नी
75 millions of speakers

Translator English - Turkish

monopsony
70 millions of speakers

Translator English - Italian

monopsonio
65 millions of speakers

Translator English - Polish

monopson
50 millions of speakers

Translator English - Ukrainian

монопсонии
40 millions of speakers

Translator English - Romanian

monopson
30 millions of speakers
el

Translator English - Greek

monopsony
15 millions of speakers
af

Translator English - Afrikaans

monopsonie
14 millions of speakers
sv

Translator English - Swedish

monopsoni
10 millions of speakers
no

Translator English - Norwegian

monopsony
5 millions of speakers

Trends of use of monopsony

TRENDS

TENDENCIES OF USE OF THE TERM «MONOPSONY»

The term «monopsony» is normally little used and occupies the 112.403 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
48
/100
The map shown above gives the frequency of use of the term «monopsony» in the different countries.
Principal search tendencies and common uses of monopsony
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «monopsony».

FREQUENCY OF USE OF THE TERM «MONOPSONY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «monopsony» during the past 500 years. Its implementation is based on analysing how often the term «monopsony» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about monopsony

EXAMPLES

10 ENGLISH BOOKS RELATING TO «MONOPSONY»

Discover the use of monopsony in the following bibliographical selection. Books relating to monopsony and brief extracts from same to provide context of its use in English literature.
1
Monopsony in Law and Economics
This book explains why monopsonists can be harmful and the way law has developed to respond to these harms.
Roger D. Blair, Jeffrey L. Harrison, 2010
2
Monopsony in Motion: Imperfect Competition in Labor Markets
Imperfect Competition in Labor Markets Alan Manning. contrary, has the smallest experience of, and practically no training in, what is essentially one of the arts of the capitalist employer. He never engages in any but one sort of bargaining, and  ...
Alan Manning, 2013
3
Price Formation in Natural Gas Fields: A Study of ...
This study concentrates on the economic reasons for regulation, stating the characteristics of price formation--monoploy price formation and competitive and monopsony price formation--in order to see which corresponds most closely to actul ...
Paul W. MacAvoy, 1976
4
Labor Economics
We will study this question in chapter 7, dedicated to collective bargaining, but it is instructive to examine here the consequences of monopsony situations — those in which a single employer confronts a large number of suppliers of labor.
Pierre Cahuc, André Zylberberg, 2004
5
Microeconomics: Principles and Applications
The Minimum Wage in a Monopsony Labor Market A.1 Dollars $8 If you are like most people reading this book, you. FIGURE Dollars L S E With no minimum wage, monopsony employment is at MRP MFC. 1. $4 The wage rate, $4, is on the  ...
Robert Hall, Marc Lieberman, 2007
6
Handbook of Health Economics
there is not a profit maximizing coinsurance rate that balances consumer demand with supply at the monopsony price, then the insurer will not fully exercise its monopsony power. It is possible that there will be no exercise of monopsony power ...
Anthony J. Culyer, Joseph P. Newhouse, 2000
7
Microeconomics
Similar Problems: 11.28, 11.29, 11.31 AN INVERSE ELASTICITY PRICING RULE FOR MONOPSONY The monopoly equilibrium condition, MR MC, gave rise to an inverse elasticity pricing rule (IEPR), as we saw above. The monopsony ...
David Besanko, Ronald Braeutigam, 2010
8
Managerial Economics
Unrestrained monopsony results in lower than competitive market prices. As a result, suppliers get paid less than the amount of economic value received by buyers. Such low prices are inefficient in that they result in too few workers being  ...
Mark Hirschey, 2008
9
Battleground: O-Z
Concerns relative to monopsony are symmetrical to those of monopoly in that the exploitation results in the same type of waste, but the manipulation is being initiated by a buyer in the supply chain instead of a supplier. Hence, it suggests the ...
Michael Leonard Walden, Peg Thoms, 2007
10
Microeconomics: Principles and Policy
Monopsony. and. Bilateral. Monopoly. Our analysis thus far oversimplifies matters in several important respects. For one thing, it envisions a market situation in which one powerful union is dealing with many powerless employers: We have ...
William Baumol, Alan Blinder, 2008

10 NEWS ITEMS WHICH INCLUDE THE TERM «MONOPSONY»

Find out what the national and international press are talking about and how the term monopsony is used in the context of the following news items.
1
Perot Forma
... argued that “we need, as a nation, to reexamine the single-payer plan” for health-care—i.e., a government monopsony on medical services. «Wall Street Journal, Jul 15»
2
Leading authors call for government probe of Amazon's 'damaging …
... and law who have asserted that Amazon's dominant position makes it a monopoly as a seller of books and a monopsony as a buyer of books ... «Raw Story, Jul 15»
3
Authors, Booksellers & Agents Call for DoJ to Investigate Amazon
... law who have asserted that Amazon's dominant position makes it a monopoly as a seller of books and a monopsony as a buyer of books.”. «Publishers Weekly, Jul 15»
4
Today's buzzword: Sustainability
Monopsonies occur where many would-be sellers are able to interface with only one buyer. Thus, the creation of a global monopsony means ... «Agri-View, Jul 15»
5
Level the media playing field
As a major buyer in the market, Government has a massive monopsony power to reduce its buying costs. But a minimum policy must be that all ... «Fiji Times, Jul 15»
6
News Release from R-CALF:
Thus, the creation of a global monopsony means cattle producers will have but one outlet for their cattle. The GSRB's pretext is that such ... «kxlo-klcm, Jul 15»
7
“Yes, the minimum wage can be too high….”
It is obvious that employers have monopsony power. They have the jobs and they pay as little as possible to find workers. Workers have few ... «Overlawyered, Jul 15»
8
Imperialism and the Transformation of Values into Prices
... of capital, rent extracted through both monopoly and monopsony, relative productivity, and the tendency towards equalization of profit rates. «Monthly Review, Jul 15»
9
Canadian Doctors for Medicare respond to Dr. Brian Day's claims …
And that is exactly as it should be — a monopsony, meaning a single payer, like BC's MSP, in each province that publicly funds these services. «National Observer, Jul 15»
10
Statement of Michael Griffin - Hearing on Ending Reliance on …
The fact is that the domestic launch market is essentially a monopsony. Almost all demand is from the U.S. government, while the supply side ... «Space Ref, Jun 15»

REFERENCE
« EDUCALINGO. Monopsony [online]. Available <https://educalingo.com/en/dic-en/monopsony>. Apr 2024 ».
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