cartels

A cartel is a group of businesses or organizations that have agreed to work together to increase their profits. They often do this by agreeing to limit their production or to fix their prices.

  • The cartels are trying to increase their profits by limiting the production of their products.

  • The cartels are trying to increase their profits by fixing their prices.

Definition of cartels

noun

a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service

Synonyms:

combine, corporate trust, trust

Nearby Words

cartels Pronunciation in a video