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cartel

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
Cartel
A small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices.

Notes:
The best known example of a cartel is probably the organization of Petroleum Exporting Countries (OPEC).

Cartel
A group of businesses or nations that act together as a single producer to obtain market control and to influence prices in their favor by limiting production of a product. The United States has laws prohibiting cartels.
cartel
A group of companies or countries acting together to control the supply and price of certain goods or services. Cartels are formed to produce higher profits than would ordinarily be earned.
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