car·tel (kär-t l )n. 1. A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members. 2. An official agreement between governments at war, especially one concerning the exchange of prisoners. 3. A group of parties, factions, or nations united in a common cause; a bloc. [German Kartell, from French cartel, from Italian cartello, placard, from Medieval Latin cartellus, charter, diminutive of Latin charta, carta, paper made from papyrus; see card1.] |
cartel [kɑːˈtɛl]
n
1. (Economics) Also called trust a collusive international association of independent enterprises formed to monopolize production and distribution of a product or service, control prices, etc.
2. (Government, Politics & Diplomacy) Politics an alliance of parties or interests to further common aims
[from German Kartell, from French, from Italian cartello a written challenge, public notice, diminutive of carta card1]
Cartel political or economic combination between parties or business organizations; hence, the parties themselves. See also combine, syndicate.
An association of independent businesses organized to control prices and production, eliminate competition, and reduce the cost of doing business.
ThesaurusLegend: Synonyms Related Words Antonyms
| Noun | 1. |  cartel - a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service; "they set up the trust in the hope of gaining a monopoly"drug cartel - an illicit cartel formed to control the production and distribution of narcotic drugs; "drug cartels sometimes finance terrorist organizations" oil cartel - a cartel of companies or nations formed to control the production and distribution of oil |
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