cartel

Related Terms
Group of firms or nations who attempt to control price or supply of a commodity (such as oil) through mutual restraint on production. Although such collusion among sovereign countries (such as in OPEC) is grudgingly accepted, it is illegal among corporations. See also oligopoly.

Use 'cartel' in a Sentence

The drug cartel wreaked havoc on the community and was responsible for a variety of crimes against people and property.
19 people found this helpful
Desperate for oil, foreign governments had no choice but to give in to the excessive demands of the new and aggressive cartel.
18 people found this helpful
When the governments saw the excess of bananas rotting away in cellars, a cartel among those governments was introduced to control how many bananas were grown so that they might not lose value due to an overabundance of them.
17 people found this helpful




Email Print Embed


Mentioned in These Terms


  • 323435763 2018-02-17
  • 688202762 2018-02-17
  • 79305761 2018-02-17
  • 850445760 2018-02-17
  • 747315759 2018-02-17
  • 371174758 2018-02-17
  • 32926757 2018-02-17
  • 129933756 2018-02-16
  • 407764755 2018-02-16
  • 763660754 2018-02-16
  • 57411753 2018-02-16
  • 644632752 2018-02-16
  • 747786751 2018-02-16
  • 704814750 2018-02-16
  • 883951749 2018-02-15
  • 931853748 2018-02-15
  • 343513747 2018-02-15
  • 645411746 2018-02-15
  • 7443745 2018-02-15
  • 993962744 2018-02-14