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1. Dictionary

   cartel

   /kɑːˈtɛl/

   noun

   • 1. an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition: "the Colombian drug cartels"
   • ▪ a coalition or cooperative arrangement between political parties intended to promote a mutual interest.

   Word Origin late 19th century: from German Kartell, from French cartel, from Italian cartello, diminutive of carta, from Latin carta (see card1). It was originally used to refer to the coalition of the Conservatives and National Liberal parties in Germany (1887), and hence any political combination; later to denote a trade agreement (early 20th century).

   Scrabble Points: 8

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2. People also ask

   What is a cartel in business?

   • A cartel is a collection of independent businesses or organizations that collude to manipulate the price of a product or service. Cartels are competitors in the same industry and seek to reduce that competition by controlling pricing in agreement with one another.

   What Is a Cartel? Definition, Examples, and Legality - Investopedia

   www.investopedia.com/terms/c/cartel.asp

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   What is a drug cartel?

   • Drug cartels are extremely well-organized, well-financed, efficient, and ruthless. Since the 1980s, they have dominated the international narcotics trade. The U.S. war on drugs began under the administration of Pres. Richard Nixon. Following his victory in the 1968 presidential election, Nixon declared that drug abuse was “public enemy number one.”

   Drug cartel | Definition, Impact & History | Britannica

   www.britannica.com/topic/drug-cartel

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   What is the difference between a monopoly and a cartel?

   • A cartel has less command over an industry than a monopoly, where a single group or company owns all or nearly all of a given product or service's market share. Some cartels are formed to influence the price of legally traded goods and services, while others exist in illegal industries, such as the drug trade.

   What Is a Cartel? Definition, Examples, and Legality - Investopedia

   www.investopedia.com/terms/c/cartel.asp

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   What is a cartel & how does it work?

   • A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members.

   Cartel - Wikipedia

   en.wikipedia.org/wiki/Cartel

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3. www.merriam-webster.com › dictionary › cartelCartel Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › cartel

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   A cartel is a combination of independent businesses or political groups for common action, often to limit competition or fix prices. Learn the origin, synonyms, examples, and related words of cartel from Merriam-Webster dictionary.

4. en.wikipedia.org › wiki › CartelCartel - Wikipedia

   en.wikipedia.org › wiki › Cartel

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   A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members.

5. Videos

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     investopedia.com

     What Is a Cartel? Definition, Examples, and Legality

     Dec 31, 2008

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     3:02

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     Who are the Mexican drug cartels?

     May 2, 2023

     116.6K Views

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     Anatomy Of A Drug Cartel

     Sep 11, 2013

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6. www.investopedia.com › terms › cWhat Is a Cartel? Definition, Examples, and Legality

   www.investopedia.com › terms › c

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   May 19, 2023 · A cartel is a collection of independent businesses or organizations that collude to manipulate the price of a product or service. Cartels are competitors in the...

7. dictionary.cambridge.org › dictionary › englishCARTEL | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › dictionary › english

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   CARTEL definition: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.

8. www.dictionary.com › browse › cartelCARTEL Definition & Meaning | Dictionary.com

   www.dictionary.com › browse › cartel

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   noun. an international syndicate, combine, or trust formed especially to regulate prices and output in some field of business. Synonyms: combination, merger, monopoly. a coalition of political or special-interest groups having a common cause, as to encourage the passage of a certain law.

9. dictionary.cambridge.org › english › cartelCARTEL | definition in the Cambridge English Dictionary

   dictionary.cambridge.org › english › cartel

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   CARTEL meaning: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.

10. www.britannica.com › topic › drug-cartelDrug cartel | Definition, Impact & History | Britannica

    www.britannica.com › topic › drug-cartel

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    May 22, 2024 · Drug cartel, an illicit consortium of independent organizations formed to limit competition and control the production and distribution of illegal drugs. Drug cartels are extremely well-organized, well-financed, efficient, and ruthless. Since the 1980s, they have dominated the international.