cartel

noun
UK: /kɑːˈtɛl/
US: /kɑːrˈtel/

  1. A group of companies or countries that agree to control prices and limit competition.

    1. The drug cartel controlled the supply. [ ] [ ]
    2. Several nations formed an oil cartel to regulate production quotas. [ ] [ ]

  2. A secret agreement between manufacturers to fix prices and reduce output.

    1. The cartel fixed prices for steel. [ ] [ ]
    2. Investigations revealed a widespread cartel operating within the industry. [ ] [ ]

Synonyms

monopoly trust syndicate consortium

Frequently Asked Questions

The word "cartel" in English means: A group of companies or countries that agree to control prices and limit competition., A secret agreement between manufacturers to fix prices and reduce output..

The phonetic transcription of "cartel" is /kɑːˈtɛl/ in British English and /kɑːrˈtel/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "cartel": monopoly, trust, syndicate, consortium.

Example usage of "cartel": "The drug cartel controlled the supply.". More examples on the page.