cartel
pronunciation
How to pronounce cartel in British English:
UK [kɑ:ˈtel]
How to pronounce cartel in American English:
US [kɑrˈtel]
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- Noun:
- a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
Word Origin
- cartel
- cartel: see chart
- cartel (n.)
- 1550s, "a written challenge," from Middle French cartel (16c.), from Italian cartello "placard," diminutive of carta "card" (see card (n.1)). It came to mean "written agreement between challengers" (1690s) and then "a written agreement between challengers" (1889). Sense of "a commercial trust, an association of industrialists" comes 1902, via German Kartell, which is from French. The older U.S. term for that is trust (n.). The usual German name for them was Interessengemeinschaft, abbreviated IG.
Example
- 1. This cartel makes its exchanges in period 2 .
- 2. Investors gained from lower commissions as the price fixing cartel ended .
- 3. Then , suppose some producers voluntarily form a cartel in an industry .
- 4. Yet opec 's experience carries three lessons for any budding gas cartel .
- 5. In some respects , bretton woods ii appears like a giant money laundering cartel .