Cartel Definition
A group of independent producers or sellers in a particular industry, or a group of businesses with a common interest, who have joined together to reduce competition between themselves by allocating markets, sharing knowledge, or controlling the price and production of a product or service. See also monopoly and oligopoly.
Other Word Forms of Cartel
Noun
Origin of Cartel
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German Kartell from French cartel from Italian cartello placard from Medieval Latin cartellus charter diminutive of Latin charta, carta paper made from papyrus card1
From American Heritage Dictionary of the English Language, 5th Edition
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From French cartel, from Italian cartello, diminutive of carta (“card, page”), from Latin charta.
From Wiktionary
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