noun a group of businesses or countries that agree to limit competition between themselves in order to control prices and limit production
adjective relating to or characteristic of a cartel
In law, a cartel refers to an agreement between competing firms to control prices or exclude entry of competitors.
In economics, a cartel is a group of producers who agree to coordinate their production and pricing to control the market.
Within the oil industry, a cartel may refer to a group of oil-producing countries that coordinate their production levels to influence global oil prices.
In the context of drug trafficking, a cartel is a criminal organization that controls the production and distribution of illegal drugs.
In the context of a writer, 'cartel' may refer to a group of writers who collaborate to control the market or prices of their work.
In the context of a psychologist, 'cartel' may refer to a group of professionals who work together to set standards or guidelines within the field.
In the context of an economist, 'cartel' may refer to a group of businesses or companies that collude to control prices or limit competition in a particular industry.
In the context of a lawyer, 'cartel' may refer to a group of individuals or organizations that engage in illegal activities, such as price-fixing or market manipulation.
In the context of a journalist, 'cartel' may refer to a group of media organizations that work together to control information or manipulate public perception.
In the context of a politician, 'cartel' may refer to a group of individuals or parties that collude to maintain power or influence within a political system.