This word is from the Spanish monopsonio.
monopsonyo
monopsony
A monopsony is a market condition in which there is only one buyer.
Like a monopoly, a monopsony also has imperfect market conditions. The difference between a monopoly and monopsony is primarily in the difference between the controlling entities.
In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers.
Most examples of monopsony have to do with the purchase of workers’ time in the labor market, where a firm is the sole purchaser of a certain kind of labor. The classic example of a monopsony is a company coal town, where the coal company acts the sole employer and therefore the sole purchaser of labor in the town.
MGA KAHULUGAN SA TAGALOG
monopsonyo: pamilihan kung saan iisa lang ang mamimili
