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
Origin: [F., fr. LL. cartellus a little paper, dim. fr. L. charta. See 1st Card.]
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
The numerical value of cartel in Chaldean Numerology is: 9
The numerical value of cartel in Pythagorean Numerology is: 5
Sample Sentences & Example Usage
Prices below $80 are putting significant strain on the cartel's weakest members such as Venezuela.
Unions argue that they benefit ordinary Americans, but in economic terms, unions (operate) as a labor cartel.
It appears that the Jalisco cartel is getting stronger and wants to take over the role that the Knights Templar had.
The fiscal breakeven price for many cartel countries is over US$100. For Saudi Arabia, Kuwait and UAE it is more in the US$75-US$80 range. The longer it stays below those levels, the more it hurts.
While I don't think Central Intelligence Agency likely, if the cartel were to somehow target those involved in setting up and conducting the interview, Del Castillo is certainly more at risk than Penn, given that she spends more time in Mexico than Penn, has family there, business associates there, but, as with Penn, I doubt the cartel would blame Castillo given that it was reportedly Guzman who reached out to her to start the ball rolling on looking to produce Del Castillo life story.
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Translations for cartel
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