MONOPSONY

monopsony

(noun) (economics) a market in which goods or services are offered by several sellers but there is only one buyer

Source: WordNet® 3.1


Etymology

Noun

monopsony (plural monopsonies)

(economics) A market situation in which there is only one buyer for a product. [from 1930s]

Antonym: monopoly

Coordinate terms: duopsony, oligopsony

(economics) A buyer with disproportionate power.

Source: Wiktionary



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Word of the Day

19 May 2025

CHEMICAL

(adjective) of or made from or using substances produced by or used in reactions involving atomic or molecular changes; “chemical fertilizer”


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Coffee Trivia

According to Guinness World Records, the most massive cup of coffee contained 22,739.14 liters and was created by Alcaldía Municipal de Chinchiná (Colombia) at Parque de Bolívar, Chinchiná, Caldas, Colombia, on 15 June 2019. Fifty people worked for more than a month to build this giant cup. The drink prepared was Arabic coffee.

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