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Meaning of "oligopsony" in the English dictionary

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DICTIONARY
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ETYMOLOGY OF THE WORD OLIGOPSONY

From oligo- + -opsony, from Greek opsōnia purchase of food.
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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 OLIGOPSONY

oligopsony  [ˌɒlɪˈɡɒpsənɪ] play
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GRAMMATICAL CATEGORY OF OLIGOPSONY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Oligopsony 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 OLIGOPSONY MEAN IN ENGLISH?

Oligopsony

An oligopsony (from Ancient Greek ὀλίγοι (oligoi) "few" + ὀψωνία (opsōnia) "purchase") is a market form in which the number of buyers is small while the number of sellers in theory could be large. This typically happens in a market for inputs where numerous suppliers are competing to sell their product to a small number of (often large and powerful) buyers. It contrasts with an oligopoly, where there are many buyers but few sellers. An oligopsony is a form of imperfect competition. The terms monopoly (one seller), monopsony (one buyer), and bilateral monopoly have a similar relationship.

Definition of oligopsony in the English dictionary

The definition of oligopsony in the dictionary is a market situation in which the demand for a commodity is represented by a small number of purchasers.

WORDS THAT RHYME WITH OLIGOPSONY


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
monopsony
məˈnɒpsənɪ
saxony
ˈsæksənɪ
symphony
ˈsɪmfənɪ
testimony
ˈtɛstɪmənɪ
tiffany
ˈtɪfənɪ

WORDS THAT BEGIN LIKE OLIGOPSONY

oligodendroglia
oligogene
oligomer
oligomeric
oligomerisation
oligomerization
oligomerous
oligonucleotide
oligopeptide
oligophagous
oligophagy
oligopolies
oligopolistic
oligopoly
oligopsonies
oligopsonistic
oligosaccharide
oligospermia
oligotrophic
oligotrophy

WORDS THAT END LIKE OLIGOPSONY

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 oligopsony in the English dictionary of synonyms

SYNONYMS

Translation of «oligopsony» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF OLIGOPSONY

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

Translator English - Chinese

寡头垄断
1,325 millions of speakers

Translator English - Spanish

oligopsony
570 millions of speakers

English

oligopsony
510 millions of speakers

Translator English - Hindi

oligopsony
380 millions of speakers
ar

Translator English - Arabic

احتكار القلة
280 millions of speakers

Translator English - Russian

олигопсония
278 millions of speakers

Translator English - Portuguese

oligopsônio
270 millions of speakers

Translator English - Bengali

oligopsony
260 millions of speakers

Translator English - French

oligopsones
220 millions of speakers

Translator English - Malay

Oligopsony
190 millions of speakers

Translator English - German

oligopsony
180 millions of speakers

Translator English - Japanese

oligopsony
130 millions of speakers

Translator English - Korean

oligopsony
85 millions of speakers

Translator English - Javanese

Oligopsony
85 millions of speakers
vi

Translator English - Vietnamese

oligopsony
80 millions of speakers

Translator English - Tamil

ஒலிகோப்சோனி
75 millions of speakers

Translator English - Marathi

Oligopsony
75 millions of speakers

Translator English - Turkish

Oligopson
70 millions of speakers

Translator English - Italian

oligopsonio
65 millions of speakers

Translator English - Polish

oligopsony
50 millions of speakers

Translator English - Ukrainian

олігопсонія
40 millions of speakers

Translator English - Romanian

oligopsony
30 millions of speakers
el

Translator English - Greek

ολιγοψωνίου
15 millions of speakers
af

Translator English - Afrikaans

oligopsony
14 millions of speakers
sv

Translator English - Swedish

oligopsony
10 millions of speakers
no

Translator English - Norwegian

oligopsony
5 millions of speakers

Trends of use of oligopsony

TRENDS

TENDENCIES OF USE OF THE TERM «OLIGOPSONY»

The term «oligopsony» is used very little and occupies the 172.034 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Rarely used
20
/100
The map shown above gives the frequency of use of the term «oligopsony» in the different countries.
Principal search tendencies and common uses of oligopsony
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «oligopsony».

FREQUENCY OF USE OF THE TERM «OLIGOPSONY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «oligopsony» during the past 500 years. Its implementation is based on analysing how often the term «oligopsony» 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 oligopsony

EXAMPLES

10 ENGLISH BOOKS RELATING TO «OLIGOPSONY»

Discover the use of oligopsony in the following bibliographical selection. Books relating to oligopsony and brief extracts from same to provide context of its use in English literature.
1
New Empirical Industrial Organization and the Food System
Recent examples of such work include Azzam and Schroeter (1995) and Azzam ( 1997) on the trade-off between efficiency gains and losses from oligopsony power from consolidation in the U.S. beef industry and Tiffin and Dawson (1997) on ...
Harry Mason Kaiser, Nobuhiro Suzuki, 2006
2
Market Domination!: The Impact of Industry Consolidation on ...
This organization means the evolution of a company that is an oligopoly in one direction and an oligopsony in the other. The vocabulary of economists has no word to describe that increasingly common phenomenon. An increasing number of ...
Steve Hannaford, 2007
3
Monopsony in Motion: Imperfect Competition in Labor Markets
The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence.
Alan Manning, 2013
4
Oligopsony
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.
Jody Cletus, 2012
5
The Social Network Business Plan: 18 Strategies That Will ...
... will shift to the consumers who belong to recommender online communities. Their power — oligopsony power — will be awesome, and the suits who work at the major brands will bend the knee and bow the head when dealing with them.
David Silver, 2009
6
Forests in a Market Economy
But Lowry and Winfrey do not formally test the hypothesis that oligopsony exists in the market. Scandinavian economists have taken up much of the remaining empirical work in timber oligopsony power. Sweden, in particular, has a historically ...
Erin O. Sills, Karen Lee Abt, 2003
7
Fast Food Nation: The Dark Side of the All-American Meal
Paul Patterson, an extension professor of agricultural economics at the University of Idaho, describes the current market for potatoes as an "oligopsony" — a market in which a small number of buyers exert power over a large number of sellers.
Eric Schlosser, 2001
8
Fundamentals of Managerial Economics
Oligopsony Market demand dominated by few buyers. Oligopsony Market demand dominated by few buyers. Monopsony Market in which there is a single buyer of a desired product or input. Monopsony Market in which there is a single buyer ...
Mark Hirschey, 2008
9
Awakening Africa's Sleeping Giant: Prospects for Commercial ...
Missing or incomplete markets can potentially be overcome by linking input and output markets, as occurs in the case of many contract farming systems, where large-scale oligopsony or monopsony trading organizations act as system ...
Michael L. Morris, Hans P. Binswanger-Mikhize, Derek Byerlee, 2009
10
Meatpacker Conduct, Oligopsony Power, and Live Cattle Price ...
The influence of meatpacker conduct on daily cattle prices is examined in this study.
Stephen R. Koontz, 1991

10 NEWS ITEMS WHICH INCLUDE THE TERM «OLIGOPSONY»

Find out what the national and international press are talking about and how the term oligopsony is used in the context of the following news items.
1
MO 11-year-old participates in National Spelling Bee
He correctly spelled “Capricorn” and “oligopsony”. Here is the schedule for the E.W. Scripps National Spelling Bee: Preliminaries: Wednesday ... «KFVS, May 15»
2
Crowdfunding could be a simple way to pay for science research
The likely answer is No, because in most of cases the scientific research market is an “oligopsony” –- a market with many producers (the ... «The Conversation UK, Apr 15»
3
Down this road before
The limited pool of qualified bidders created an oligopsony, a buyer's version of an oligopoly. Oligopolies exist in markets with few sellers and, ... «Fort Wayne Journal Gazette, Mar 15»
4
Death spiral? Energy utilities should check out the food industry
I think much of their success has also come down to an effective oligopsony where there are really only 2 buyers who exercise great buying ... «RenewEconomy, Jul 14»
5
Silicon Oligopsony
This story about top tech firms agreeing not to compete for workers is really amazing. We're accustomed to the notion that technology firms that ... «New York Times, Mar 14»
6
When devices outnumber people: considering the consequences
... oligopoly exhibits — from the perspective of content owners — elements of oligopsony. Since content aggregators have historically controlled ... «Memeburn, Nov 13»
7
Competition policy and the poor
Lack or absence of competition in primary agricultural markets due to monopsony (single buyer) and oligopsony (few buyers) situations in the ... «Inquirer.net, Sep 13»
8
Farmed out to Big Retail
Grow bigger and bigger till the market becomes an oligopsony, “a situation where a small number of buyers exert power over a large number of ... «Hindu Business Line, May 13»
9
Asian Markets for Wood Pellets
The market for industrial wood pellets in Japan seems to be taking the form of an oligopsony (small number of buyers, large number of sellers). «Biomass Magazine, Apr 13»
10
Indian tea, a bitter brew for some
The Tea Board is aware of the oligopsony (market controlled by few buyers). But without basic changes in the market structure to make ... «Hindu Business Line, Jan 12»

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