monopsony

[muh-nop-suh-nee]

Origin of monopsony

1930–35; mon- + Greek opsōnía shopping, purchase of provisions
Related formsmo·nop·so·nist, nounmo·nop·so·nis·tic, adjective
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British Dictionary definitions for monopsony

monopsony

noun plural -nies
  1. a situation in which the entire market demand for a product or service consists of only one buyer
Derived Formsmonopsonistic, adjective

Word Origin for monopsony

C20: mono- + Greek opsōnia purchase, from opsōnein to buy
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012