word
Business
Monopsony
mon-OP-soh-nee
/mɒˈnɒpsəniː/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
Monopsony
Dictionary meaning
A market with only one buyer, giving that buyer significant power over sellers.
Examples
- Walmart's dominance in rural regions gives it monopsony power over local suppliers.
Pronunciation tips
Four syllables. Stress on second syllable. Contrasts with monopoly (one seller).
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