Definitions for cartelkɑrˈtɛl
This page provides all possible meanings and translations of the word cartel
trust, corporate trust, combine, cartel(noun)
a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
"they set up the trust in the hope of gaining a monopoly"
A group of businesses or nations that collude to limit competition within an industry or market.
A combination of political groups (notably parties) for common action
A written letter of defiance or challenge.
An official agreement concerning the exchange of prisoners.
A ship used to negotiate with an enemy in time of war, and to exchange prisoners.
Origin: From cartel, from cartello, diminutive of carta, from charta.
an agreement between belligerents for the exchange of prisoners
a letter of defiance or challenge; a challenge to single combat
to defy or challenge
A cartel is a formal "agreement" among competing firms. It is a formal organization of producers and manufacturers that agree to fix prices, marketing, and production. Cartels usually occur in an oligopolistic industry, where the number of sellers is small and the products being traded are usually homogeneous. Cartel members may agree on such matters as price fixing, total industry output, market shares, allocation of customers, allocation of territories, bid rigging, establishment of common sales agencies, and the division of profits or combination of these. The aim of such collusion is to increase individual members' profits by reducing competition. One can distinguish private cartels from public cartels. In the public cartel a government is involved to enforce the cartel agreement, and the government's sovereignty shields such cartels from legal actions. Inversely, private cartels are subject to legal liability under the antitrust laws now found in nearly every nation of the world. Furthermore, the purpose of private cartels is to benefit only those individuals who constitute it, public cartels, in theory, work to pass on benefits to the populace as a whole.
arclet, Claret, claret, rectal
Translations for cartel
From our Multilingual Translation Dictionary
Get even more translations for cartel »
Find a translation for the cartel definition in other languages:
Select another language: