Monopsony

What is Monopsony?

The opposite of a monopoly; whereas an economic monopoly is on the supply side, a monopsony is on the demand side.

A managed health care provider is a monopsony for the doctors working within it. They cannot bill anyone but the provider, not their patients.

Jonasu

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Ingsoc

1. The Newspeaktranslation for English Socialism. See 1984. INGSOC is the Party's official political alignment. 2. Organization of..

Preppy Mcdouchebag

1. A person having the qualities of dressing like a prep, but having the personality of a douchebag. Basically, the stereotypical asshole t..

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Monopsony Edit Meaning