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.

Vroom-nog-mog

1. The sound of an electric scooter. I got a new scooter, it goes vroom-nog-mog. See nog, mog, vroom..

Ination

1. A nation in which the Apple products slowly begin to take over every household. Soon enough to be called iWorld. Bob: Where is the vide..

John Cage

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Monopsony Edit Meaning