oligopsony
[ ol-i-gop-suh-nee ]
noun
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
1First 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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
British Dictionary definitions for oligopsony
oligopsony
/ (ˌɒlɪˈɡɒpsənɪ) /
nounplural -nies
a market situation in which the demand for a commodity is represented by a small number of purchasers
Origin of oligopsony
1C20: from oligo- + -opsony, from Greek opsōnia purchase of food
Derived forms of oligopsony
- oligopsonistic, adjective
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
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