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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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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?
A cartel is a group of independent market participants who collude with each other as well as agreeing not to compete with each other [1] in order to improve their profits and dominate the market.
CARTEL definition: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.
May 19, 2023 · A cartel is an organization created from a formal agreement between a group of producers of a good or service to control supply or to regulate or manipulate prices.
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.
