monopsony vs market place

monopsony and market place both are nouns.

Word	Noun	Adjective	Verb	Adverb
monopsony	Yes	No	No	No
market place	Yes	No	No	No

As nouns, market place is a hypernym of monopsony; that is, market place is a word with a broader meaning than monopsony:

monopsony: (economics) a market in which goods or services are offered by several sellers but there is only one buyer
market place: the world of commercial activity where goods and services are bought and sold

Other hypernyms of monopsony include market, marketplace.

monopsony (noun)	market place (noun)
(economics) a market in which goods or services are offered by several sellers but there is only one buyer	the world of commercial activity where goods and services are bought and sold
	an area in a town where a public mercantile establishment is set up