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What is the difference between monopsony and monopoly?

monopsony | monopoly | Antonyms |

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)
  • 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= 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

    * monopoly

    See also

    * monopsonist, monopsonistic, monopsonistically

    monopoly

    Noun

    (monopolies)
  • 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= 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.}}
  • 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.
  • Synonyms

    * (holder) monopolist

    Antonyms

    * monopsony

    Derived terms

    * monopolistic * monopolistically * monopolize, monopolization, monopolizer