Cartel Definition

kär-tĕl
cartels
noun
cartels
A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members.
American Heritage
A written agreement between nations at war, esp. as to the exchange of prisoners.
Webster's New World
An association of industrialists, business firms, etc. for establishing a national or international monopoly by price fixing, ownership of controlling stock, etc.; trust.
Webster's New World
A political bloc in certain European countries.
Webster's New World

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.

Webster's New World Law

Other Word Forms of Cartel

Noun

Singular:
cartel
Plural:
cartels

Origin of Cartel

  • 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

  • From French cartel, from Italian cartello, diminutive of carta (“card, page”), from Latin charta.

    From Wiktionary

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