What does monopsonistic mean?
Definitions for monopsonistic
monop·son·is·tic
This dictionary definitions page includes all the possible meanings, example usage and translations of the word monopsonistic.
Wiktionary
monopsonisticadjective
Being or pertaining to monopsony.
Wikipedia
monopsonistic
In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. The microeconomic theory of monopsony assumes a single entity to have market power over all sellers as the only purchaser of a good or service. This is a similar power to that of a monopolist, which can influence the price for its buyers in a monopoly, where multiple buyers have only one seller of a good or service available to purchase from.
Numerology
Chaldean Numerology
The numerical value of monopsonistic in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of monopsonistic in Pythagorean Numerology is: 1
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"monopsonistic." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/monopsonistic>.
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