monopsony in Greek
monopsony in Greek is μονοψώνιο — monopsony means a market in which there is only one buyer for a product or service.
monopsony in Greek
μονοψώνιο
Pronounced: monopsonio
(economics) A market situation in which there is only one buyer for a product. [from 1930s]
What does "monopsony" mean?
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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."
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noun A buyer that holds disproportionate power over the sellers it deals with.
"Critics call the retailer a monopsony because its suppliers have nowhere else to sell."
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monopsony in a sentence
- In a town with one large factory, the labor market can look like a monopsony.
- 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.
- The hospital group acts as a monopsony when it hires nurses in the region.
Common Greek translations
Frequently asked questions
What is "monopsony" in Greek?
"monopsony" in Greek is μονοψώνιο. monopsony means: A market in which there is only one buyer for a product or service.
How do you pronounce μονοψώνιο?
"monopsony" in Greek is μονοψώνιο, pronounced "monopsonio".
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 Greek, "monopsony" is μονοψώνιο.
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