Monopsony(noun)
A market situation in which there is only one buyer for goods or services.
Hindi meaning:एकमात्र खरीदार वाला बाजार
Synonyms: Single-buyer market, Buyer monopoly, Purchasing monopoly, Monopsonistic market
Antonyms: Competitive market, Multiple-buyer market, Free market, Polyopsony
Example: In a small town, one large factory may create a monopsony for local labour.
Trick to remember: Monopoly me one seller, monopsony me one buyer — sony ko buyer samjho.
Learn it with 19 more words: Daily Vocabulary – 16 May 2026 →
