cartelization
- noun
- /kɑrˌtɛlɪˈzeɪʃən/
- Specialized
:
cartelización
- The early period of the international cartelization of Middle Eastern oil (1901-1950) contains compelling evidence of the potency of the political hegemony of a handful of transnational oil companies (TNOCs) over the entire region.
- cartelization of industry
- post-cartelization
Examples
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The act's prohibition of cartelization was not definitely settled before 1927.
Academic text (1991) -
A connection between oil crises and oil cartelization does not make crisis prevention the best response.
Academic text (1992) -
They are prepared to fight cartelization.
Blog text (33) -
The guarantee of a capitalist economy is not a guarantee against cartelization and monopolization.
Academic text (1990) -
The National Industrial Recovery Act of 1933 not only permitted industry cartelization, but also permitted a majority within an industry to force cartelization on a reluctant minority.
Academic text (1991) -
Verleger's work (1982 and 1987) provides an explanation of how the cartelization proceeds that fills a gap in Adelman's analysis.
Academic text (1992) -
The onset of post-cartelization had its origin in the oil crisis of the early 1970s that brought OPEC and non-OPEC oil into direct competition, thus restructuring the entire oil industry globally.
Academic text (1993) -
The Court early held that the act prohibited cartelization ("naked" price-fixing agreements that do not involve any integration of operation) and that it could undo monopolistic mergers.
Academic text (1991) -
Commentators have explained, therefore, that exclusion can be and often is an essential feature of successful cartelization: to achieve stability, a cartel must be able to control for and respond effectively to new competitive challenges that might destabilize the cartel and trigger outbreaks of competition.
Academic text (2016) -
The cartelization of the sugar industry allowed producers to set higher prices and limit competition in the market.
Synonyms
1
7.9
Control of a market by one company that stops other companies from competing
Antonyms
Surface Forms
Morphology
Etymology
Cartelization comes from cartel, which once meant an official paper or written agreement and shares the same root as chart ('paper' or 'map'). So, think of a cartel as a formal agreement between businesses, and cartelization is the process of those businesses agreeing to control production and prices.