Concept of Monopsony
Please Share the below Post Rate this post Definition: “When there is a single firm hiring the labor in the market, it is called monopsony in economics”. Under perfect competition, the labor gets wages equal to its...
Read MoreTag: characteristics of monopsony
Recent Posts
Economicsconcepts
- Agriculture and Economic Development
- Balance of Payments
- Commercial Policy
- Concept of Revenue
- Cost Analysis
- Definition and Explanation of Economics
- Determinants of the Level of National Income and Employment
- Determination of National Income
- Economic Development and Economic Growth
- Economic Resources
- Economic Systems
- Elasticity of Demand
- Elasticity of Supply
- Equilibrium of Demand and Supply
- Features of Developing Countries
- Fiscal Policy
- History of Money
- Indifference Curve Analysis of Consumer Equilibrium
- Introduction to Development Economics
- Laws of Returns
- National Debt and Income Determination
- National Income and its Measurement
- Price and Output Determination Under Imperfect or Monopolistic Competition
- Price and Output Determination Under Monopoly
- Price and Output Determination Under Perfect Competition
- Principles of Public Finance
- Production Function
- Public Revenue and Taxation
- Scale of Production
- Theories of Economic Growth
- Theories of Employment
- Theories of Under Development
- Theory of Consumer Behaviour
- Theory of Demand
- Theory of Economic Rent
- Theory of Factor Pricing or Theory of Distribution
- Theory of Interest
- Theory of International Trade
- Theory of Profit
- Theory of Supply
- Theory of Wages