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CARTEL

Pronunciation (US): Play

 Dictionary entry overview: What does cartel mean? 

CARTEL (noun)
  The noun CARTEL has 1 sense:

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

  Familiarity information: CARTEL used as a noun is very rare.


 Dictionary entry details 


CARTEL (noun)


Sense 1cartel [BACK TO TOP]

Meaning:

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

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

cartel; corporate trust; combine; trust

Context example:

they set up the trust in the hope of gaining a monopoly

Hypernyms ("cartel" is a kind of...):

consortium; pool; syndicate (an association of companies for some definite purpose)

Hyponyms (each of the following is a kind of "cartel"):

drug cartel (an illicit cartel formed to control the production and distribution of narcotic drugs)

oil cartel (a cartel of companies or nations formed to control the production and distribution of oil)


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