monopsony

[ muh-nop-suh-nee ]

noun

, plural mo·nop·so·nies.

1. the market condition that exists when there is one buyer.

monopsony

/ məˈnɒpsənɪ /

noun

1. a situation in which the entire market demand for a product or service consists of only one buyer

Derived Forms

• moˌnopsoˈnistic, adjective

Other Words From

• mo·nopso·nist noun
• mo·nopso·nistic adjective

Word History and Origins

Origin of monopsony¹

First recorded in 1930–35; mon- + Greek opsōnía “shopping, purchase of provisions”

Word History and Origins

Origin of monopsony¹

C20: mono- + Greek opsōnia purchase, from opsōnein to buy