MONOPSONY


Meaning of MONOPSONY in English

[ mə'nɒpsəni ]

■ noun ( plural monopsonies ) Economics a market situation in which there is only one buyer.

Origin

1930s: from mono- + Gk opsōnein 'buy provisions' + -y 3 .

Concise Oxford English vocab.      Сжатый оксфордский словарь английского языка.