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What is Monopsony and its examples ?

Definition of Monopsony

Information on definition of monopsony and its examples is given below. Monopsony is a market condition in which a single buyer substantially controls the market as a major purchaser of services or goods offered by many sellers in the market. Monopsony is one of the important concept in economics but it has both advantages and disadvantages in the over all market structures. Monopsony also has imperfect market condition.

Examples of Monopsony are :

  • Electricity generators can negotiate lower price for gas supply contracts and coal
  • Food retailers in market have power when purchasing supplies from milk producers, farmers, and other kinds of suppliers.
  • Monopsony exist in both labour and product market, many companies has a bargaining power while hiring labour.
  • The profit margin of industries increases with the reduced cost of purchasing input.
  • Pharamceuticals or engineering industries has a bargaining power over raw materials available in local market.
  • It is important to study advantages and the disadvantages of monopsony to understand market condition.
  • Monopsony improves the value for money, it lowers the cost for almost all goods and services.

 

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What is Market economy ? Advantages and Disadvantages of Market Economy

Check out Advantages and disadvantages of market economy (capitalism) given below. So let us find out some points on advantages and disadvantages to know more about market economy. This type of economy is nearly free fro governement interference, Economy is based on private ownership where individual control the production, distribution and sales of goods and services.

Supply Chain Management Definition, Advantages and Disadvantages

Definition of Supply Chain Management

Supply Chain management can be considered as an effective tool for improving business process. It starts with the source of supply and competes at the point of consumption. Supply chain management is a flow of information and materials from suppliers which involves number of value added process and different distribution channels to the customers. 

Supply chain management involves :

Advantages And Disadvantages of Supply Chain Management

Some of the Advantages And Disadvantages of Supply Chain Management are listed below. So let us check it out some information on advantages and disadvantages to know more about supply chain management. It is the management of flow of services as well as goods and includes all intermediate processes that transform raw materials to final products.Supply chain mangement  consist of broad range of activities which is required to control, plan and execute a product's flow.

Examples of Critical Supply Chain and Logistics Processes for Retailers

Some of the examples of critical supply chain and logistics processes for retailers are as follows. So let us find out some information on SCM to know more about it. 

  1. Global trade management
  2. Distributed order management
  3. Reverse Logistics (Returns)
  4. Cross border e-commerce
  5. Same day, last-mile delivery
  6. Multi-echelon inventory optimization

Find out Disadvantages and advantages of Supply Chain Management to know more about it.

Advantages and Disadvantages of International Trade

Check out Advantages and Disadvantages of International Trade discussed below. So let us find out some information on advantages and disadvantages to know more about International Trade. It is a trade between nations in the form of imports as well as exports. International trade can be considered one of the important souce of revenue in the developing countries. Trade between countries is the exchage of both services and goods among the countries of the world economy.

Examples of Recycling materials

Some Examples of recycling materials are as follows. So let us check it out some points of recycling to know more about recycling materials.

Material which can be recycled are : Plastic drink bottels, chipboard, newspaper, corrugated cardboard, glass bottels, beverage cans, magazine, plastic, aluminium, paper, glass, trash etc., Find out more on advantages and disadvantages of Recycling.

Example 1: We can reuse plastic bags when we go to supermarket to buy household products.

Example 2: Paper can be recycled so it can be processed and used again and again.

What are the Pros and Cons of Supply Chain Management ?

Some of the Pros and Cons of Supply Chain Management are listed below. So let us find out brief information on pros and cons to learn more about supply chain management. It is the management of flow of services and goods and includes all types of process that transforms raw materials into final products. So  check out advantages and disadvantages of Supply Chain Management discussed below.