Definition of cartel Cartel
/kɑɹtɛˈl/ - [kartel] - car•tel
We found 15 definitions of cartel from 9 different sources.
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What does cartel mean?
WordNet
Noun |
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| cartel - a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service; "they set up the trust in the hope of gaining a monopoly" | ||
| trust, corporate trust, combine | ||
| consortium, syndicate, pool an association of companies for some definite purpose | ||
| drug cartel an illicit cartel formed to control the production and distribution of narcotic drugs; "drug cartels sometimes finance terrorist organizations" | ||
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Wiktionary 
- cartel (Noun)
A group of businesses or nations that collude to limit competition within an industry or market. - cartel (Noun)
A combination of political groups notably parties for common action. - cartel (Noun)
A written letter of defiance or challenge. - cartel (Noun)
An official agreement concerning the exchange of prisoners. - cartel (Noun)
A ship used to negotiate with an enemy in time of war, and to exchange prisoners.
Webster DictionaryWebster's Unabridged Dictionary 📘
- cartel (n.)
An agreement between belligerents for the exchange of prisoners. - cartel (n.)
A letter of defiance or challenge; a challenge to single combat. - cartel (v. t.)
To defy or challenge.
OmegaWiki DictionaryOmegaWiki Dictionary Ω
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cartel
A group of organisations in an industry which agree on maintaining high prices and effectively killing competition.
Marine DictionaryUniversal Dictionary of the Marine ⚓️
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cartel
cartel, a ship commissioned in time of war to exchange the prisoners of any two hostile powers; also to carry any particular request or proposal from one to another: for this reason the officer who commands her is particularly ordered to carry no cargo, ammunition, or implements of war, except a single gun for the purpose of firing signals.
Sailor's Word-BookThe Sailor's Word-Book ⛵
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cartel
A ship commissioned in time of war to exchange the prisoners of any two hostile powers, or to carry a proposal from one to the other; for this reason she has only one gun, for the purpose of firing signals, as the officer who commands her is particularly ordered to carry no cargo, ammunition, or implements of war. Cartel also signifies an agreement between two hostile powers for a mutual exchange of prisoners. In late wars, ships of war fully armed, but under cartel, carried commissions for settling peace, as flags of truce. Cartel-ships, by trading in any way, are liable to confiscation.
Military DictionaryMilitary Dictionary and Gazetteer 💥
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cartel
As a military term it is used to denote an agreement between two belligerents for the exchange of prisoners.
Wikipedia 
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In economics, a cartel is when a group of independent companies work together. They do this to increase their profits. They do this by fixing the price of goods, by limiting their supply or by other means. Monopolies are not cartels, because in a monopoly there is only one independent company. Cartels are bad for the economy in general. Cartels usually occur in oligopolies, where there are a small number of players that control the market.
Overview.
A survey of hundreds of published economic studies and legal decisions of antitrust authorities was done. It found that the median price increase achieved by cartels in the last 200 years is 25%. Private international cartels (those with participants from two or more nations) had an average price increase of 28%. Domestic cartels averaged 18%. Less than 10% of all cartels in the sample failed to raise market prices.
In general, cartel agreements are economically unstable. There is an incentive for members to cheat by selling at below the agreed price or selling more than the production quotas set by the cartel (see also game theory). This has caused many cartels that attempt to set product prices to be unsuccessful in the long term. Empirical studies of 20th century cartels have determined that the mean duration of discovered cartels is from 5 to 8 years. However, once a cartel is broken, the incentives to form the cartel return and the cartel may be re-formed. Publicly-known cartels that do not follow this cycle include the Organ
Part of speech
🔤- cartel, noun, singular of cartels.
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