monopsony
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monopsony
- /məˈnɒpsəni/ UK
- /məˈnɑpsəni/ US
Where it comes from
From Ancient Greek μόνος (mónos, “alone, solitary; singular, unique”) + ὀψωνέω (opsōnéō, “to buy fish or victuals in general”) + -y, modelled after monopoly. ὀψωνέω is from ὄψον (ópson, “delicacies”) + ὠνέομαι (ōnéomai, “to buy, purchase”). The English word was coined by British classics scholar Bertrand Hallward (1901–2003), and popularized by British economist Joan Robinson (1903–1983) in her book The Economics of Imperfect Competition (1933): see the quotation.
noun monopsonies
-
A market situation in which there is only one buyer for a product.
Our next task is to consider the change in the amount of a commodity purchased when the market changes from an indefinitely large number of competing buyers to a single buying agency. This may be described as the comparison between competitive and monopsony buying, just as the corresponding comparis
Opposite: monopoly
-
A buyer with disproportionate power.
The result is different when the resource buyer is a monopsony. The monopsony firm is a single buyer, and therefore it faces the market supply curve.
Similar: monopsonist
Translations
Every language
noun market situation in which there is only buyer for a product
| Español | monopsonio |
|---|---|
| 日本語 | 需要独占 juyō dokusen |
| 中文 | 買方壟斷 /买方垄断 mǎifānglǒngduàn, 獨買 /独买 dúmǎi, 買方獨佔 /买方独占 mǎifāngdúzhàn |
| Português | monopsônio, monopsónio |
| Français | monopsone |
| Deutsch | Monopson |
| Italiano | monopsonio |
| Ελληνικά | μονοψώνιο monopsónio |
| Română | monopson |
| Русский | монопсо́ния monopsónija |
| עברית | מונופסון |
Talk about this word "monopsony." Wiktionary, via Micwyn, micwyn.com/word/monopsony. Accessed 6 Nov. 2026. monopsony. (n.d.). In Wiktionary, via Micwyn. Retrieved November 6, 2026, from https://micwyn.com/word/monopsony "monopsony." Wiktionary, via Micwyn. Accessed November 6, 2026. https://micwyn.com/word/monopsony.Cite this
@misc{monopsony_2026,
title = {monopsony},
howpublished = {Wiktionary, via Micwyn},
year = {2026},
url = {https://micwyn.com/word/monopsony},
urldate = {2026-11-06}
}
