Wordsmith.org: the magic of words


A.Word.A.Day

About Us | What's New | Search | Site Map | Contact Us  


Home

Today's Word

Yesterday's Word

Archives

FAQ


A.Word.A.Day--monopsony

Pronunciation RealAudio

monopsony (muh-NOP-suh-nee) noun

A market condition where there is only one buyer for a product or service that's being sold by many.

[From Greek mono- (one) + opsonia (purchase of provisions).]

Here's a little chart that explains this week's jumble:

monopsony : one buyer, many sellers
duopsony : two buyers, many sellers
oligopsony : a few buyers, many sellers

monopoly : one seller, many buyers
duopoly : two sellers, many buyers
oligopoly : a few sellers, many buyers

"Thirty years ago many African countries had active `anti-agricultural' policies, taxing farm exports to finance poorly performing industrial firms, and allowing state monopsonies to gouge producers."
Biting the Silver Bullet; The Economist (London), Mar 25, 2000.

"Klein said these sites would violate antitrust rules if the buyers improperly shared information, or if they effectively created a single buyer -- a monopsony -- and drove prices so low that innovation by the smaller companies would suffer."
Neil Munro; White House: Omens From the Microsoft Case; National Journal (Washington, DC); May 27, 2000.

This week's theme: Words related to buying and selling

X-Bonus

I have never been contained except I made the prison. -Mary Evans, actress (1888-1976)

Join Us:
Subscribe to A.Word.A.Day to receive it in your mailbox every day.

Interact:

Bulletin board
AWADtalk

Moderated Chat
AWADchat

Readers' Voice
AWADmail

Subscriber Services
Awards | Stats | Links | Privacy Policy
Contribute | Advertise

© 1994-2016 Wordsmith