oligopsony

[ ol-i-gop-suh-nee ]

noun
  1. the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors.

Origin of oligopsony

1
First recorded in 1940–45; olig- + Greek opsōnía “purchase of provisions, shopping”

Other words from oligopsony

  • ol·i·gop·so·nis·tic, adjective

Words Nearby oligopsony

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British Dictionary definitions for oligopsony

oligopsony

/ (ˌɒlɪˈɡɒpsənɪ) /


nounplural -nies
  1. a market situation in which the demand for a commodity is represented by a small number of purchasers

Origin of oligopsony

1
C20: from oligo- + -opsony, from Greek opsōnia purchase of food

Derived forms of oligopsony

  • oligopsonistic, adjective

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