Outrageously Funny Word Dictionary :: Oligopsony

👉 Oligopsony is a complex phenomenon in which individuals or groups are disproportionately represented in certain industries, jobs, or occupations. It refers to an imbalance of labor supply and demand within a particular industry or occupation that leads to higher wages for those who have more experience or specialized skills. This can occur due to factors such as education, training, or specialization. The term is often used in the context of business, where it might refer to industries where there are limited opportunities for entry-level workers,

oligopsony