monopsonicadj.
/ˌmɒnɒpˈsɒnɪk/, U.S. /ˌmɑnɑpˈsɑnɪk/ Economics.
= monopsonistic adj.
ΘΚΠ
society > trade and finance > trading conditions > [adjective] > monopsony or oligopsony
monopsonistic1933
oligopsonistic1938
monopsonic1965
1965 Q. Jrnl. Econ. 79 35 At any given moment the ‘choices of all people’ may be determined by monopsonic policies of government (as in defense industries).
1970 R. Stavenhagen in I. L. Horowitz Masses in Lat. Amer. vii. 253 There seems to be a general tendency towards a monopsonic structure in the Indian markets, in which the Indian producer-seller is in no way able to influence the price level.
1990 Jrnl. Econ. Lit. 28 25 An industrial structure of two layers, with exploiting, monopsonic firms on the top and exploited, weak subcontractors at the bottom.
This is a new entry (OED Third Edition, December 2002; most recently modified version published online March 2022).
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adj.1965