word
monopsony
mon-OP-soh-nee
mɒˈnɒpsəniListen
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 suppliers.
Examples
- Supermarkets that dominate food purchasing can exert monopsony power over farmers.
Learn one new pronunciation a day
Get a word, name or idiom like “monopsony” in your inbox — daily or weekly, free. Unsubscribe any time.
Something wrong? Suggest a correction