Oligopsony(noun)
A market situation in which there are only a few buyers but many sellers.
Hindi meaning:ऐसी बाजार स्थिति जिसमें खरीदार कम और विक्रेता अधिक हों
Synonyms: Few-buyer Market, Buyer Concentration, Concentrated Buying Market, Limited-buyer Market
Antonyms: Oligopoly, Monopoly, Monopolistic Supply, Seller Concentration
Example: Farmers may have little bargaining power in an oligopsony dominated by a few large purchasers.
Trick to remember: Oligopsony = OLIGO means few + OPSONY means buying; only a few buyers.
Learn it with 19 more words: Daily Vocabulary – 27 August 2026 →
