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monopsony

/məˈnɑpənsi/ /ˈmɒnəʊpsəni/
noun
GeneralEconomics
  1. 1 monopson, tek alıcılı piyasa countable or uncountable

Definition (English)

A market in which there is only one buyer for a product, service or type of work.

Example Sentences

  1. A monopsony can exert significant downward pressure on wages.
    Bir monopson ücretler üzerinde önemli bir aşağı yönlü baskı uygulayabilir.
  2. The company's dominance creates a monopsony in the local labor market.
    Şirketin hâkimiyeti yerel işgücü piyasasında bir monopson yaratıyor.

Collocations

monopsony powerlabour market monopsony