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cartel

cartel

210 7.9
A group of businesses that agree to control production and prices to limit competition
  • noun
  • /kɑrˈtɛl/
translation icon : cártel
  • The organization formed a cartel to regulate the prices of natural gas in order to maximize profits.
  • drug cartel
  • market-sharing cartel
  • OPEC cartel

You know, how does a cartel take power?

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Examples

  • Whatever the market demands, the cartels will try to fulfill.

  • In the border region discussed by Ford, where this research took place, Mexican cartels dominate the illegal trade.

    Academic text (2008)
  • Even when Mexico has managed to jail cartel members, it has had trouble keeping them there.

    Academic text (2012)
  • OPEC is, is a cartel, but it's actually a pretty bad cartel.

  • By 2006, the power of the cartels had reached an apex.

    Academic text (2012)
  • In addition, the cartel managers must be able to detect "cheaters" and discipline them effectively.

    Academic text (2017)
  • The new technologies also provide organized crime and drug cartels with new opportunities to launder their enormous cash flow.

    Academic text (1999)
  • First, Israeli food manufacturers and supermarket chains function as cartels; three local dairy companies, for instance, dominate the dairy market.

    Academic text (2011)
  • To combat market manipulation, the government imposed strict laws against any kind of cartel arrangement.

  • Members of the cartel agreed on production limits to control supply and drive up prices.

Synonyms

trust
vscartel
  • Archaic
45 7.0

A group of companies that work together to control a market

emphasizes limiting competition mainly through coordinated pricing and marketing
combine
vscartel
3 7.1

A group of companies that join to control production and reduce competition

stresses control of production and pricing rather than just combining resources
corporate trust
vscartel
  • Archaic
6.9

A group of companies that join to control prices and limit competition

is the broader association term focused on pricing and marketing control

Antonyms

251 2.6

Businesses that try to get the same customers

Compounds

36 5.3

A group that makes and sells illegal drugs and uses violence or bribes officials to control the business

1 9.0

A powerful Colombian drug group that controlled much of the world's cocaine trade in the 1980s and 1990s

1 5.3

A group of countries or companies that work together to control oil production and prices

1 8.1

A Colombian criminal group that sold and smuggled cocaine from the 1970s until 1993

9.8

A group of journals or researchers who agree to mention each other's work a lot to seem more important

How Controlling

monopoly
  • Specialized
148 4.9
trust
  • Archaic
45 7.0
cartel
210 7.9
syndicate
5 5.9
association
188 2.8

Surface Forms

cartel singular
cartels plural

Etymology

The word cartel comes from an old Italian word cartello, meaning a 'paper' or 'notice', and from Latin charta meaning 'paper', the same root you see in card and charter. So a cartel is a group of businesses that make a shared 'agreement' to control prices and limit competition.