Cartel - definition, pronunciation, transcription
Amer.
|kɑːrˈtel|
Brit.
|kɑːˈtel|
noun
- a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service (syn: combine, trust)
Extra examples
...a cartel of oil-producing nations that controls production and influences prices...
In a cartel, competitors agree to act as a monopoly to gain monopoly profits.
...the jefe of a drug cartel operating out of Central America...
Word forms
noun
singular: cartel
plural: cartels
singular: cartel
plural: cartels
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