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- Dictionarycartel/kɑːˈtɛl/
noun
- 1. an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition: "the Colombian drug cartels"
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CARTEL definition: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.
1. : a written agreement between belligerent nations. 2. : a combination of independent commercial or industrial enterprises designed to limit competition or fix prices. illegal drug cartels. 3. : a combination of political groups for common action. Did you know?
May 19, 2023 · A cartel is a collection of independent businesses or organizations that collude to manipulate the price of a product or service. Cartels are competitors in the same...
A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members.
noun. an international syndicate, combine, or trust formed especially to regulate prices and output in some field of business. Synonyms: combination, merger, monopoly. a coalition of political or special-interest groups having a common cause, as to encourage the passage of a certain law.
CARTEL meaning: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.
A cartel is an association of similar companies or businesses that have grouped together in order to prevent competition and to control prices.
When groups band together to control the supply of a product for their best interests, that’s called a cartel. If you and the other kids running lemonade stands form a cartel, you can force up the price of lemonade.
Definition of cartel noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
cartel definition: a group of companies who join together to control prices and limit competition. Learn more.
