NOUN | state | monopsony | (economics) a market in which goods or services are offered by several sellers but there is only one buyer |
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Meaning | (economics) a market in which goods or services are offered by several sellers but there is only one buyer. | |
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Category | economics, economic science, political economy | The branch of social science that deals with the production and distribution and consumption of goods and services and their management |
Broader | market, marketplace, market place | The world of commercial activity where goods and services are bought and sold |
Spanish | monopsonio | |
Catalan | monopsoni |
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