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cartelism

 - 2 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


car⋅tel⋅ism, noun


1. monopoly, merger, combination.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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