There’s a word for a scenario where there are a lot of workers who are facing only one possible employer: monopsony ... Here are examples of various sectors and companies in the country ...

The inverse of a monopoly, monopsony occurs when a market has a single buyer. Lack of competition from other buyers means the ...

Where a monopoly controls a market by preventing competitors from selling a product, in a monopsony, the buyer holds all the power. A textbook example of monopsony is a milk processor that becomes ...

A Monopsony is defined by the Oxford American Dictionary as: "a market situation in which there is only one buyer." Basically, the opposite relationship defined by a monopoly. That's exactly ...