Search results
- DictionaryCar·tel/kärˈtel/
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"
A cartel is a group of independent market participants who collude with each other as well as agreeing not to compete with each other in order to improve their profits and dominate the market. A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas ...
May 30, 2011 · 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.
CARTEL definition: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.
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.
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...
4 days ago · A cartel is an association of similar companies or businesses that have grouped together in order to prevent competition and to control prices.
Cartel definition, an international syndicate, combine, or trust formed especially to regulate prices and output in some field of business. See more.
Definition of cartel noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
A drug cartel is a criminal organization composed of independent drug lords who collude with each other in order to improve their profits and dominate the illegal drug trade. Drug cartels form with the purpose of controlling the supply of the illegal drug trade and maintaining prices at a high level. The formations of drug cartels are common in ...
