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The factory town's economy suffered because the single employer's monopsony allowed it to suppress wages.
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The factory town's economy suffered because the single employer's monopsony allowed it to suppress wages.
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Related words
monopsony
IPA(Pronunciation)
Noun
Japanese Meaning
(経済学) ある製品に対して唯一の買い手が存在する市場状況。 / (経済学) 不釣り合いなほど強大な購買力を持つ買い手。
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