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Cartel - 9 dictionary results

car⋅tel

[kahr-tel]
–noun
1. an international syndicate, combine, or trust formed esp. to regulate prices and output in some field of business.
2. a coalition of political or special-interest groups having a common cause, as to encourage the passage of a certain law.
3. a written agreement between belligerents, esp. for the exchange of prisoners.
4. a written challenge to a duel.

Origin:
1550–60; < MF < It cartello letter of defiance, poster, equiv. to cart(a) carte + -ello dim. suffix
Language Translation for : Cartel
Spanish: asociación, German: die Verbindung, Japanese: 企業合同
car·tel     (kär-těl')  Pronunciation Key 
n.  
  1. A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members.
  2. An official agreement between governments at war, especially one concerning the exchange of prisoners.
  3. A group of parties, factions, or nations united in a common cause; a bloc.

[German Kartell, from French cartel, from Italian cartello, placard, from Medieval Latin cartellus, charter, diminutive of Latin charta, carta, paper made from papyrus; see card1.]

cartel 
1560, "a written challenge," from M.Fr. cartel, from It. cartello, dim. of carta "card." It came to mean "written agreement between challengers" (1692). Sense of "a commercial trust" comes 1902, via Ger. Kartell.

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" [syn: trust


cartel [(kahr-tel)]

An association in which producers of a similar or identical product try to obtain a monopoly over the sale of the product.

Note: The Organization of Petroleum Exporting Countries (OPEC) is a cartel.


Cartel

A small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices.

Investopedia Commentary

The best known example of a cartel is probably the Organization of Petroleum Exporting Countries (OPEC).

Related Links

Antitrust Defined
Getting A Grip On The Cost Of Gas

See also: Antitrust, Oligopoly, Organization of Petroleum Exporting Countries - OPEC, Price Fixing, Supply


cartel

A group of companies or countries acting together to control the supply and price of certain goods or services. Cartels are formed to produce higher profits than would ordinarily be earned.

Cartel

Car*tel"\, n. [F., fr. LL. cartellus a little paper, dim. fr. L. charta. See 1st Card.]

1. (Mil.) An agreement between belligerents for the exchange of prisoners. --Wilhelm.

2. A letter of defiance or challenge; a challenge to single combat. [Obs.]

He is cowed at the very idea of a cartel., --Sir W. Scott.

Cartel, or Cartel ship, a ship employed in the exchange of prisoners, or in carrying propositions to an enemy; a ship beating a flag of truce and privileged from capture.

Cartel

Car"tel\, v. t. To defy or challenge. [Obs.]

You shall cartel him. --B. Jonson.

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