Teacher CPD: Join us in London for another packed programme of face-to-face CPD courses. Learn more

Topics

Monopsony employer

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. In the case of the labour market, a monopsony employer will tend to pay lower wages and employ fewer people (than in a highly competitive labour market.

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.