noun ·Rare ·Advanced level

Definitions

Noun

1. 1
   An economic condition in which a small number of buyers exert control over the market price of a commodity.

Synonyms

All synonyms

monopsony

Etymology

From Ancient Greek ὀλίγοι (olígoi, “few”) + ὀψωνία (opsōnía, “purchase”).

Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.