monopsonies वाक्य
उदाहरण वाक्य
मोबाइल
- It represented the new European economic ideas, and noted that the legal monopsony with Spain did not prevent British goods from being smuggled.
- The US Department of Justice has recognized this percentage of market control as conferring substantial monopsony power in the relations between insurer and physicians.
- This blames monopoly in the product market, monopsony in the labour market, and cartellization as the main causes for exploitation of workers.
- According to this theory, unemployment may promote general profitability by increasing employers'rationale for their monopsony-like power ( and profits ).
- Nor does it explain why having three major defense contractors is a bad thing, especially considering that many of them operate as effective monopsonies.
- The above-mentioned points relate to a perfectly competitive market but can be further extended to monopolistic competition, oligopoly, monopoly and monopsony markets.
- Finally, monopsony power will occur when the average revenue product of labor increases with the amount of labor employed, due to economies of scale.
- Furthermore, some employers have " monopsony " power over workers, meaning that they can pay less than the competitive amount without losing their work force.
- Anna Milford has constructed a detailed theoretical examination of co-operatives in controlled buyer markets ( monopsony ), and the implications for Fair Trade strategies.
- The inherent aim of a union is to create a labor monopoly so as to balance the monopsony a large employer enjoys as a purchaser of labor.
- This trade was legally limited to Spain : the Spanish Crown enforced a monopsony which limited supplies and enabled Spanish merchants to mark up prices and increase profits.
- Thus, spotting the effects on employment of newly introduced minimum wage regulations is among the indirect ways economists use to pin down monopsony power in selected labor markets.
- Monopsony is commonly applied to buyers of labour, where the employer has wage setting power that allows it to exercise Pigouvian exploitation and pay workers less than their marginal productivity.
- However, monopsony power might also be due to circumstances affecting entry of workers on the " supply " side, directly reducing the elasticity of labour supply to firms.
- It achieved this through the use of a monopsony ( single buyer ) regime within Australia, where wheat growers were only able to sell on their wheat to a single desk.
- The market failure can only be addressed in one of two ways : either by breaking up the monopsony through anti-trust intervention, or by regulating the wage policy of firms.
- An alternative that has been suggested as a source of monopsony power is worker preferences over job characteristics ( Bhaskar and To, 1999; Bhaskar, Manning and To, 2002 ).
- It has been argued that Apple has achieved such efficiency in its supply chain that the company operates as a monopsony ( one buyer, many sellers ) and can dictate terms to its suppliers.
- In 1933 in her book " The Economics of Imperfect Competition ", Robinson coined the term " monopsony, " which is used to describe the buyer converse of a seller monopoly.
- Following such definitions, the grey rectangle, in the diagram, is the part of the competitive social surplus that has been redistributed from the workers to their employer ( s ) under monopsony.
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