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marketplace vs monopsony

monopsony vs marketplace

marketplace and monopsony both are nouns.

Word NounAdjectiveVerbAdverb
marketplace Yes No No No
monopsony Yes No No No
As nouns, monopsony is a hyponym of marketplace; that is, monopsony is a word with a more specific, narrower meaning than marketplace:
  • marketplace: 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
marketplace (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 marketplace and monopsony

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