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.
Dictionary of Nautical Terms
A ship commissioned in time of war to exchange the prisoners of any two hostile powers, or to carry a proposal from one to the other; for this reason she has only one gun, for the purpose of firing signals, as the officer who commands her is particularly ordered to carry no cargo, ammunition, or implements of war. Cartel also signifies an agreement between two hostile powers for a mutual exchange of prisoners. In late wars, ships of war fully armed, but under cartel, carried commissions for settling peace, as flags of truce. Cartel-ships, by trading in any way, are liable to confiscation.
Military Dictionary and Gazetteer
As a military term it is used to denote an agreement between two belligerents for the exchange of prisoners.
Song lyrics by cartel -- Explore a large variety of song lyrics performed by cartel on the Lyrics.com website.
arclet, Claret, claret, rectal
The numerical value of cartel in Chaldean Numerology is: 9
The numerical value of cartel in Pythagorean Numerology is: 5
Examples of cartel in a Sentence
Our higher education system is controlled by what amounts to a cartel of existing colleges and universities, which use their power over the accreditation process to block innovative, low-cost competitors from entering the market.
They are isolated events, but these are the bad spirits of bad people wanting control ... there is an incredible evil here. I do not know what you call this. If they are using us to make a statement,I do not know who its for. One cartel towards another.
An investigation is underway, we're looking to determine whether the cartel maneuvers witnessed in Brazil were replicated here in some form. Odebrecht is one of those implicated.
The decision by OPEC-members to keep oil production output at record high levels ... suggested that the organisation was effectively abandoning its long-term strategy of limiting production and acting as a cartel, leading to more downward pressures on oil prices in the short term.
Yes, U.S. companies are often involved when we investigate the digital industry. But you will also see many Japanese firms in our car-part cartel cases.
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Translations for cartel
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