How does monopsony power evolve? What factors might aid its continued presence?

Monopsony may arise because a person within a given locality has only a relatively few choices of where to work. However, if the individual was willing to move, or the number of buyers of services potentially is enlarged, then the role of a monopsony is diminished. So monopsony power is more likely to be present where movement and search costs impede workers from seeking employment in different locales.

Economics

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Poland is classified as

A) an advanced economy. B) a developing economy. C) a transition economy. D) an emerging market economy. E) private economy.

Economics

One reason why many low-income countries experience low rates of growth is because of low rates of saving and investment in those countries

Indicate whether the statement is true or false

Economics