seems appropriate for current discussions. -----Original Message----- From: Wordsmith [mailto:[EMAIL PROTECTED] Sent: Wednesday, June 08, 2005 12:09 AM To: [email protected] Subject: A.Word.A.Day--oligopsony
oligopsony (oli-GOP-suh-nee) noun The market condition where a few buyers control the market for a product. [From Greek oligo- (few, little) + opsonia (purchase).] A word that shares the same prefix is oligarchy: government by the few, where political power is held by a small group and used for selfish and corrupt purposes. "Does a joint Internet venture by the world's automakers to purchase parts amount to an illegal oligopsony--a cartel of buyers that can drive prices down through their market power?" James V. Grimaldi; Trustbusters Put On a Stern Face; The Washington Post; Jun 29, 2000. This week's theme: words from the 2005 Spelling Bee. Sponsors' messages: New from mental_floss: the trivia game - the perfect gift for the smart dad or grad in your life. http://mentalfloss.com Want more money in your pocket? We can reduce your debt by as much as 70%. http://TheDebtResourceCenter.com ............................................................................ It is by the goodness of God that in our country we have those three unspeakably precious things: freedom of speech, freedom of conscience, and the prudence to practice neither. -Mark Twain, author and humorist (1835-1910) Send your comments to [EMAIL PROTECTED] For subscriber services, visit http://wordsmith.org/awad/subscriber.html Pronunciation: http://wordsmith.org/words/oligopsony.wav http://wordsmith.org/words/oligopsony.ram Permalink: http://wordsmith.org/words/oligopsony.html This message was sent to "[EMAIL PROTECTED]". _______________________________________________ Futurework mailing list [email protected] http://fes.uwaterloo.ca/mailman/listinfo/futurework
