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26984 words
cartel
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3 definitions • 4 examples
1
a
group
of
similar
independent
companies
who
join
together to
control
prices
and
limit
competition
:
Examples:
an
oil
cartel
2
a
group
of
similar
independent
companies
or
countries
who
join
together to
control
prices
and
limit
competition
3
a
group
of
similar
companies
who
agree
prices
between
them in
order
to
increase
profits
and
limit
competition
:
Examples:
operate
/
form
a cartel Supermarkets were
accused
of
operating
a cartel on the
price
of many
staple
foods
.
a
banking
/
oil
cartel
a price-fixing/
illegal
/
drugs
cartel
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