monopsony in Chinese
monopsony in Chinese is 买方垄断 — monopsony means a market in which there is only one buyer for a product or service.
monopsony in Chinese
买方垄断
Pronounced: mǎi fāng lǒng duàn
(economics) A market situation in which there is only one buyer for a product. [from 1930s]
What does "monopsony" mean?
-
noun A market in which there is only one buyer for a product or service.
"In a town with one large factory, the labor market can look like a monopsony."
-
noun A buyer that holds disproportionate power over the sellers it deals with.
"Economists describe a sole buyer that can dictate prices to many sellers as a monopsony."
Vocabulary Flow
Learn more English words in Chinese.
Vocabulary Flow serves English words with the Chinese meaning, one at a time — pronunciation and an example each time. Scroll it either direction.
Learn English in Chinese
monopsony in a sentence
- In a town with one large factory, the labor market can look like a monopsony.
- The farmers complained that the single processor had created a monopsony for their milk.
- Economists describe a sole buyer that can dictate prices to many sellers as a monopsony.
- Critics call the retailer a monopsony because its suppliers have nowhere else to sell.
Common Chinese translations
Frequently asked questions
What is "monopsony" in Chinese?
"monopsony" in Chinese is 买方垄断. monopsony means: A market in which there is only one buyer for a product or service.
How do you pronounce 买方垄断?
"monopsony" in Chinese is 买方垄断, pronounced "mǎi fāng lǒng duàn".
How do you use "monopsony" in a sentence?
Example: "In a town with one large factory, the labor market can look like a monopsony." In Chinese, "monopsony" is 买方垄断.
Study it as flashcards or scroll it in Vocabulary Flow — saved to your collection.
