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
8 January 2025
SYCAMORE
(noun) Eurasian maple tree with pale grey bark that peels in flakes like that of a sycamore tree; leaves with five ovate lobes yellow in autumn
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