Cartel

Quick meaning: Cartel is a noun meaning (economics) A group of businesses or nations that collude to limit competition within an industry or market.

Meaning

(economics) A group of businesses or nations that collude to limit competition within an industry or market.

More Meanings

1. (historical, politics) A combination of political groups (notably parties) for common action.
2. (historical) A written letter of defiance or challenge.
3. (historical, law) An official agreement concerning the exchange of prisoners.
4. (historical, nautical) A ship used to negotiate with an enemy in time of war, and to exchange prisoners.

Example Sentences

He is cowed at the very idea of a cartel.

Xerxes whipped the Sea, and writ a cartell of defiance to the hill Athos.

He then sent down a flag of truce in military style, proposing a cartel or exchange of prisoners – the corporal for the notary.

Over the past decade, the very nature of organized crime has changed, with many groups diversifying their income beyond drug trafficking, and large cartels splintering into smaller, oftentimes more nimble groups.

Word Forms

• cartels

Synonyms for cartel

Depending on context, synonyms include trust, combine.

Related Words

Related dictionary entries include combine, trust, monopoly, entente, bloc, agreement.

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