Cartel - Meaning, Definition & English Examples
Definition:
A group of businesses that collude to control prices and limit competition in a market.
Synonyms:
syndicate, monopoly, trust, alliance
Part of Speech:
noun
Antonyms:
competition, rivalry
Common Collocations:
drug cartel, price-fixing cartel, illegal cartel, international cartel
Derivatives:
cartelization, cartelize
Usage Tips:
Use "cartel" to describe formal agreements among competitors to manipulate markets, often illegally.
Common Phrases:
drug cartel, oil cartel, break up the cartel
Etymology:
From Italian "cartello," meaning "a challenge" or "written agreement," derived from Latin "charta" (paper).
Examples:
- 1. The government dismantled the illegal drug cartel last year.
- 2. The oil cartel controls global fuel prices artificially.
- 3. Businesses formed a cartel to eliminate competition unfairly.
- 4. Authorities arrested the leaders of the smuggling cartel yesterday.