9 results for: cartel
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Audio Help [kahr-tel] Pronunciation Key | 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. |
] —Related forms
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
cartel
To learn more about cartel visit Britannica.com
| © 2008 Encyclopædia Britannica, Inc. |
| car·tel
Audio Help (kär-těl') Pronunciation Key
n.
[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.] |
| The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2006 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
cartel
| Online Etymology Dictionary, © 2001 Douglas Harper |
| 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] |
| WordNet® 3.0, © 2006 by Princeton University. |
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.
[Chapter:] Business and Economics
| The American Heritage® New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
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
| Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc. |
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.
| Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. |
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.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
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