monopsony: Word of the day for November 17, 2018
monopsony , n :
(economics) A market situation in which there is only one buyer for a product; also, such a buyer. (economics) A buyer with disproportionate power. British classics scholar Bertrand Hallward, who coined the word, died on this day 15 years ago in 2003.
(economics) A market situation in which there is only one buyer for a product; also, such a buyer. (economics) A buyer with disproportionate power. British classics scholar Bertrand Hallward, who coined the word, died on this day 15 years ago in 2003.
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