7 ms·
The monopsony, which is infrequent in today's markets, is what caused these types of cities/towns. Specifically, a labor market monopsony.
by akbar501 10y ago
The monopsony, which is infrequent in today's markets, is what caused these types of cities/towns. Specifically, a labor market monopsony.
- _nalply 10y agoMonopsony is buyer-side monopoly, i. e. there is only one buyer. A labor market monopsony means that there is only one company employing people.