What is the difference between monopsony and monopoly?
monopsony | monopoly | Antonyms |
A market situation in which there is only one buyer for a product; such a buyer.
*
A buyer with disproportionate power.
* {{quote-magazine, date=2014-03-15, volume=410, issue=8878, magazine=(The Economist)
, title= A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
* {{quote-magazine, date=2013-08-10, volume=408, issue=8848, magazine=(The Economist)
, title= An exclusive control over the trade or production of a commodity or service through exclusive possession.
The privilege granting the exclusive right to exert such control.
(metonymy) The market thus controlled.
(metonymy) The holder (person, company or other) of such market domination in one of the the above manners.
Monopoly is a antonym of monopsony.
As nouns the difference between monopsony and monopoly
is that monopsony is a market situation in which there is only one buyer for a product; such a buyer while monopoly is a situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.As a proper noun Monopoly is
a board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.monopsony
English
Noun
(wikipedia monopsony) (monopsonies)Turn it off, passage=If the takeover is approved, Comcast would control 20 of the top 25 cable markets, […]. Antitrust officials will need to consider Comcast’s status as a monopsony (a buyer with disproportionate power), when it comes to negotiations with programmers, whose channels it pays to carry.}}
Antonyms
* monopolySee also
* monopsonist, monopsonistic, monopsonisticallymonopoly
English
(wikipedia monopoly)Noun
(monopolies)Can China clean up fast enough?, passage=It has jailed environmental activists and is planning to limit the power of judicial oversight by handing a state-approved body a monopoly over bringing environmental lawsuits.}}