Word Dictionary “Duopsy”

Meaning of the word

The term “duopopsy” is used in the economy to describe a situation where there are only two buyers for a particular product or service. In this context, Duopsy represents a market in which demand is concentrated in only two companies or individuals.

Origin of the word

The word “duopopson” originates from the Greek, being formed by the junction of the terms “duo” (two) and “opson” (buyer). The combination of these words results in “duopopsy”, which represents the condition of a market with only two buyers.

Word adverbs

There are no specific adverbs related to the word “duopopsy”.

Conjunctions of the word

There are no specific conjunctions related to the word “duopopsy”.

Synonyms of the word

Some synonyms for “duopopsy” are: two buyers market, bilateral oligopsy.

Word Definitions

1. market condition where there are only two buyers for a product or service.
2. Economic situation in which demand is concentrated in only two companies or individuals.

Phrases that the word applies

1. The telecommunications sector in the country is dominated by a duopsy, with only two large companies controlling the demand.

2. The grain market is in a duopsy, with only two companies buying the production of farmers.

Examples of the word in text

Duopsy is a market situation that can lead to a power concentration in the hands of buyers, making negotiation for sellers difficult. In this type of market, buyers have greater influence on prices and sales conditions, and can impose their demands on salespeople.

Rhymes with the word

monopsony, oligopsy, polypsonian.

Anagrams with the word

No anagrams were found with the word “duopopsy”.