Grade Booster student workshops are back in cinemas for 2022. Learn more

Home
Subjects
Shop Courses Live Jobs board
Account Shopping cart Logout

Economics

Economics
Explore
Blog Reference library Collections Shop

Study Notes

Monopsony in the Labour Market (Labour Markets)

Level:
A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC
Share:

Monopsony is a labour market structure in which there is a single powerful buyer of a particular type of labour. For example, the main buyer of the labour of doctors and nurses is the NHS or large employers such as Capita, G4S, Amazon and Sports Direct.

Median full time gross weekly pay of the lowest paid occupations in the United Kingdom (UK) as of April 2016

In April 2017, there were 342,000 employees aged 16 and over who were paid below the National Minimum Wage or National Living Wage.

Share:

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.

Back to top