trustnoun

SMART Vocabulary: related words and phrases

Enterprises
acquiree
acquirer
acquiror
agency
agribusiness
answering service
clicks and mortaridiom
conglomerate
consortium
estate agent
financial technology
fintech
firm
flyer
organizational
organizationally
parent company
partner up
partnership
zombie company

cartel | American Dictionary

cartel
noun[ C ]
us/kɑrˈtel/
a group of similar independent companies or countries who join together to control prices and limit competition

cartel | Business English

cartel
noun[ C ]
 usually disapprovinguk /kɑːˈtel/us
ECONOMICS
a group of similar companies who agree prices between them in order to increase profits and limit competition:
operate/form a cartelSupermarkets were accused of operating a cartel on the price of many staple foods.
a banking/oil cartel
a price-fixing/illegal/drugs cartel

Examples of cartel

cartel
The question of cartels raises a particular issue of equivalence in the agricultural sector because there are no obvious parallels, at least amongst agricultural producers.
This legal offensive pushed the union into even more political activity, and the union's counterattack revealed the contours of the cartel in greater clarity.
The trust, then, constituted an alternative to the cartel for some kinds of industries (oil, steel, and sugar refining, to name notable examples).
However, this is not the consequence of a thorough discussion about the adequacy of cartel treatment on different jurisdictional levels.
Their weak formal position in cartel policy should further erode their willingness to reduce their powers in merger control.
Hence, at a second look, the recent reform in cartel policy fits much better into the pattern of interest-driven competence allocation.
This may well lead to public providers exiting from above-tariff services, leaving the potential for private cartels to form in particular areas of treatment.
Deciding on tariffs, patents, licenses, taxes, cartels, entry-barriers, the state is simultaneously skewing the exercise of property rights from one elite to another.
The government's focus was primarily upon certain drug cartels.
Moreover, the big companies in industry and trade should form international cartels in order to achieve this aim rapidly.
Secondly, larger numbers of seats reduce the power of minority partners of the cartel, who then find it difficult to threaten unilateral defection.
They weakened the cartel-like performance of the codes, thus disappointing many initial business supporters.
Together these points fuelled the creeping centralisation of cartel policy.
In practice, however, there are too many potential suppliers and a cartel cannot form through private actions.
At either level, political parties may either run joints lists of candidates or may choose to connect their own lists and form an inter-party cartel.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.