MONOPSONY - Definition & Meaning for Kids
Meaning 1
Part of speech: Noun
(economics) a market in which goods or services are offered by several sellers but there is only one buyer
Categories: Market, Marketplace, Market place
Synonyms
🌱 Word Origin (Etymology)
The word "monopsony" comes from Ancient Greek μόνος.
🔗 Related Words
-y – A related word in the same word family.
monopoly – A related word in the same word family.
🧩 Fun Fact
The Greek language preserved ancient Indo-European roots better than most other languages.