What does cartel mean?

Definitions for cartel
kɑrˈtɛlcar·tel

This dictionary definitions page includes all the possible meanings, example usage and translations of the word cartel.

Princeton's WordNet

  1. trust, corporate trust, combine, cartelnoun

    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"

Wiktionary

  1. cartelnoun

    A group of businesses or nations that collude to limit competition within an industry or market.

  2. cartelnoun

    A combination of political groups (notably parties) for common action

  3. cartelnoun

    A written letter of defiance or challenge.

  4. cartelnoun

    An official agreement concerning the exchange of prisoners.

  5. cartelnoun

    A ship used to negotiate with an enemy in time of war, and to exchange prisoners.

  6. Etymology: From cartel, from cartello, diminutive of carta, from charta.

Samuel Johnson's Dictionary

  1. Cartelnoun

    A writing containing, for the most part, stipulations between enemies.

    Etymology: cartel, Fr. cartello, Ital.

    As this discord among the sisterhood is likely to engage them in a long and lingring war, it is the more necessary that there should be a cartel settled among them. Joseph Addison, Freeholder.

Wikipedia

  1. Cartel

    A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers.

ChatGPT

  1. cartel

    A cartel is an association of manufacturers or suppliers within the same industry who collaborate to maintain high prices and restrict competition. This is typically achieved through cooperative agreements to control the production and distribution of a product or service. These practices are often considered illegal in many jurisdictions due to their anti-competitive nature.

Webster Dictionary

  1. Cartelnoun

    an agreement between belligerents for the exchange of prisoners

  2. Cartelnoun

    a letter of defiance or challenge; a challenge to single combat

  3. Cartelverb

    to defy or challenge

  4. Etymology: [F., fr. LL. cartellus a little paper, dim. fr. L. charta. See 1st Card.]

Wikidata

  1. Cartel

    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

  1. cartel

    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

  1. cartel

    As a military term it is used to denote an agreement between two belligerents for the exchange of prisoners.

Suggested Resources

  1. cartel

    Song lyrics by cartel -- Explore a large variety of song lyrics performed by cartel on the Lyrics.com website.

Matched Categories

Anagrams for cartel »

  1. arclet

  2. Claret

  3. claret

  4. rectal

  5. carlet

  6. talcer

How to pronounce cartel?

How to say cartel in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of cartel in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of cartel in Pythagorean Numerology is: 5

Examples of cartel in a Sentence

  1. Nicolas Robin:

    Prices below $80 are putting significant strain on the cartel's weakest members such as Venezuela.

  2. Igor Sechin:

    The 1970s, when a series of the largest Middle East producers could determine global oil market conditions by creating cartel structures such as OPEC, should be forgotten, at the moment a number of objective factors exclude the possibility for any cartels to dictate their will to the market. ... As for OPEC, it has practically stopped existing as a united organisation.

  3. Antonio Mazzitelli:

    (It) is the only real cartel, it was established and keeps on operating as an association of businessmen.

  4. Sergio Rodriguez:

    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.

  5. Richard Higgins:

    For the past 12 years, Chinese criminal organizations have become the backbone to the drug cartels with chemicals supplied to the cartels and laundering tens of billions of the cartel profits in North America and Europe.

Popularity rank by frequency of use

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Translations for cartel

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"cartel." Definitions.net. STANDS4 LLC, 2024. Web. 23 Jul 2024. <https://www.definitions.net/definition/cartel>.

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