»Monopsony - in economics What is 'Monopsony' A monopsony, sometimes referred to as a buyer's monopoly, is a market condition similar to a monopoly except that a large buyer, not a seller, cont…

»This describes both the bedrock of the ILO structure and of the make up of its most important body the Annual Conference. Representation consists of 50% govt, employers 25% and workers 25%. Q…