Definition of Monopsony. Meaning of Monopsony. Synonyms of Monopsony

Here you will find one or more explanations in English for the word Monopsony. Also in the bottom left of the page several parts of wikipedia pages related to the word Monopsony and, of course, Monopsony synonyms and on the right images related to the word Monopsony.

Definition of Monopsony

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Meaning of Monopsony from wikipedia

- In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services...
- market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer). Bilateral monopoly is a market structure that involves...
- where she coined the term "monopsony." Monopsony is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers...
- Competition, Robinson coined the term "monopsony", which is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers of...
- Similar to a monopsony, an oligopsony is a group of few powerful buyers that demand the majority of goods and services purchased. Monopsonies and oligopsonies...
- however, minimum wages can increase the efficiency of the labor market in monopsony scenarios, where individual employers have a degree of wage-setting power...
- industry (or market). A monopoly may also have monopsony control of a sector of a market. A monopsony is a market situation in which there is only one...
- Monopsony, when there is only a single buyer in a market. Discussion of monopsony power in the labor literature largely focused on the pure monopsony...
- Labour economics s****s to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers,...
- are unable to compete or even survive. The related terms oligopoly and monopsony are similar in meaning and this is the type of situation that antitrust...