oligopsony
[ ol-i-gop-suh-nee ]
/ ˌɒl ɪˈgɒp sə ni /
noun
the market condition that exists when there are few buyers, as a result of which they can greatly influence price and other market factors.
Origin of oligopsony
1940–45;
olig- + Greek
opsōnía purchase of provisions, shopping
OTHER WORDS FROM oligopsony
ol·i·gop·so·nis·tic, adjectiveWords nearby oligopsony
oligopeptide,
oligophagous,
oligophrenia,
oligopnea,
oligopoly,
oligopsony,
oligoptyalism,
oligoria,
oligosaccharide,
oligospermia,
oligosynaptic
British Dictionary definitions for oligopsony
oligopsony
/ (ˌɒlɪˈɡɒpsənɪ) /
noun plural -nies
a market situation in which the demand for a commodity is represented by a small number of purchasers
Derived forms of oligopsony
oligopsonistic, adjectiveWord Origin for oligopsony
C20: from
oligo- +
-opsony, from Greek
opsōnia purchase of food