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market place vs monopsony

monopsony vs market place

market place and monopsony both are nouns.

Word NounAdjectiveVerbAdverb
market place Yes No No No
monopsony Yes No No No
As nouns, monopsony is a hyponym of market place; that is, monopsony is a word with a more specific, narrower meaning than market place:
  • market place: the world of commercial activity where goods and services are bought and sold
  • monopsony: (economics) a market in which goods or services are offered by several sellers but there is only one buyer
market place (noun) monopsony (noun)
the world of commercial activity where goods and services are bought and sold (economics) a market in which goods or services are offered by several sellers but there is only one buyer
an area in a town where a public mercantile establishment is set up
Difference between market place and monopsony

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