As in coffee
growing in Costa Rica. Lot's of small farmers growing it and selling to
about five or six ogopsonistic buyers who had total control over
price.
Ed
----- Original Message -----
From: "Cordell, Arthur: ECOM" <[EMAIL PROTECTED]>
To: "FUTUREWORK (E-mail)" <[email protected]>
Sent: Wednesday, June 08, 2005 9:54
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Subject: [Futurework] FW:
A.Word.A.Day--oligopsony
>
> -----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.
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> Pronunciation:
> http://wordsmith.org/words/oligopsony.wav
> http://wordsmith.org/words/oligopsony.ram
>
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