{"id":26525,"date":"2015-03-13T07:38:57","date_gmt":"2015-03-13T07:38:57","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=26525"},"modified":"2024-04-03T13:15:51","modified_gmt":"2024-04-03T07:45:51","slug":"how-monopsony-exploitation-exists-in-modern-economy","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/","title":{"rendered":"How Monopsony exploitation exists in Modern economy?"},"content":{"rendered":"

\"How<\/a><\/p>\n

Monopsony exploitation finds its place where either one buyer with large number of sellers exists or one seller with large number of buyers exists. Such situation also exist in labour market where there is only one employer and thousands of people are looking for getting employed and this gives him some power to exploit workers. He can exploit by hiring workers at lower wages as workers cannot resist taking up the job as they don\u2019t have any other option.<\/p>\n

In modern economy, monopsony exploitation can take many forms.<\/p>\n

Government may act as a monopsony exploiter as it is the only one under which policemen, fire workers exists. Since it cannot use its wage fixing power, so can dominate only to some extent. Monopsony exploitation in labour market exists through varying situations.<\/p>\n

If a worker faces the problem of commuting to a large distance to work, he may be induced to leave that job despite having a higher wage. So the employer might exploit this weak point of the worker. Similarly, worker\u2019s inability to work unlimited number of hours could be an advantage for the employer to exploit him.<\/p>\n

Unemployment, too, could be a reason for the monopsony exploitation. If higher unemployment persists in an economy, workers are not able to get their desired jobs and many of them are unemployed, then in such situation, employer respond by fixing a lower wage to the workers.<\/p>\n

Click here for government certification in Marketing<\/a><\/p>\n

Click here for government certification in Sales, BPO<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Monopsony exploitation finds its place where either one buyer with large number of sellers exists or one seller with large number of buyers exists. Such situation also exist in labour market where there is only one employer and thousands of people are looking for getting employed and this gives him some power to exploit workers….<\/p>\n","protected":false},"author":470,"featured_media":26752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[718,1555],"tags":[2598,2106,2600,2597,2599,1154],"class_list":["post-26525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketing","category-sales-bpo","tag-exploitation","tag-government","tag-market","tag-monopsony","tag-sellers","tag-unemployment"],"acf":[],"yoast_head":"\nHow Monopsony exploitation exists in Modern economy? - Vskills Blog<\/title>\n<meta name=\"description\" content=\"What is Monopsony and how does it still exist today?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Monopsony exploitation exists in Modern economy? - Vskills Blog\" \/>\n<meta property=\"og:description\" content=\"What is Monopsony and how does it still exist today?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Vskills Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-13T07:38:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T07:45:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/How-Monopsony-exploitation-exists-in-Modern-economy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"275\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hemlata\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hemlata\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/\",\"name\":\"How Monopsony exploitation exists in Modern economy? - Vskills Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/How-Monopsony-exploitation-exists-in-Modern-economy.jpg\",\"datePublished\":\"2015-03-13T07:38:57+00:00\",\"dateModified\":\"2024-04-03T07:45:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/799c0dafbedb246c39dcc7748baa4025\"},\"description\":\"What is Monopsony and how does it still exist today?\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/How-Monopsony-exploitation-exists-in-Modern-economy.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/How-Monopsony-exploitation-exists-in-Modern-economy.jpg\",\"width\":275,\"height\":183},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Monopsony exploitation exists in Modern economy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/\",\"name\":\"Vskills Blog\",\"description\":\"Vskills - A Initiative in Assessment to Enhance Employability\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/799c0dafbedb246c39dcc7748baa4025\",\"name\":\"Hemlata\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83e5e6793d9cef763ee9c8f84565bc9fb7ee60ed1a7e6170a1a92920b3aa0dcd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83e5e6793d9cef763ee9c8f84565bc9fb7ee60ed1a7e6170a1a92920b3aa0dcd?s=96&d=mm&r=g\",\"caption\":\"Hemlata\"},\"description\":\"Born and brought up in Delhi, I am an undergraduate pursuing B.A.ECONOMICS (HONS) from Shri Ram College of Commerce. I am some kind of pleasure seeking and a risk loving person having a mindset \u201cnothing is impossible if we have faith in our abilities\u201d.\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/author\/hemlata\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Monopsony exploitation exists in Modern economy? - Vskills Blog","description":"What is Monopsony and how does it still exist today?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/","og_locale":"en_US","og_type":"article","og_title":"How Monopsony exploitation exists in Modern economy? - Vskills Blog","og_description":"What is Monopsony and how does it still exist today?","og_url":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/","og_site_name":"Vskills Blog","article_publisher":"https:\/\/www.facebook.com\/vskills.in","article_published_time":"2015-03-13T07:38:57+00:00","article_modified_time":"2024-04-03T07:45:51+00:00","og_image":[{"width":275,"height":183,"url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/How-Monopsony-exploitation-exists-in-Modern-economy.jpg","type":"image\/jpeg"}],"author":"Hemlata","twitter_misc":{"Written by":"Hemlata","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/","url":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/","name":"How Monopsony exploitation exists in Modern economy? - Vskills Blog","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#primaryimage"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/How-Monopsony-exploitation-exists-in-Modern-economy.jpg","datePublished":"2015-03-13T07:38:57+00:00","dateModified":"2024-04-03T07:45:51+00:00","author":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/799c0dafbedb246c39dcc7748baa4025"},"description":"What is Monopsony and how does it still exist today?","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#primaryimage","url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/How-Monopsony-exploitation-exists-in-Modern-economy.jpg","contentUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/How-Monopsony-exploitation-exists-in-Modern-economy.jpg","width":275,"height":183},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/blog\/how-monopsony-exploitation-exists-in-modern-economy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/blog\/"},{"@type":"ListItem","position":2,"name":"How Monopsony exploitation exists in Modern economy?"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/blog\/#website","url":"https:\/\/www.vskills.in\/certification\/blog\/","name":"Vskills Blog","description":"Vskills - A Initiative in Assessment to Enhance Employability","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/799c0dafbedb246c39dcc7748baa4025","name":"Hemlata","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83e5e6793d9cef763ee9c8f84565bc9fb7ee60ed1a7e6170a1a92920b3aa0dcd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83e5e6793d9cef763ee9c8f84565bc9fb7ee60ed1a7e6170a1a92920b3aa0dcd?s=96&d=mm&r=g","caption":"Hemlata"},"description":"Born and brought up in Delhi, I am an undergraduate pursuing B.A.ECONOMICS (HONS) from Shri Ram College of Commerce. I am some kind of pleasure seeking and a risk loving person having a mindset \u201cnothing is impossible if we have faith in our abilities\u201d.","url":"https:\/\/www.vskills.in\/certification\/blog\/author\/hemlata\/"}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/26525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/users\/470"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/comments?post=26525"}],"version-history":[{"count":4,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/26525\/revisions"}],"predecessor-version":[{"id":71564,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/26525\/revisions\/71564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media\/26752"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media?parent=26525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/categories?post=26525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/tags?post=26525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}