What does "cartel" mean?
A group of businesses or nations that collude to limit competition within an industry or market.
noun ·Common ·High school level
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"oil cartel"
"He is cowed at the very idea of a cartel."
"He then sent down a flag of truce in military style, proposing a cartel or exchange of prisoners – the corporal for the notary."
"Tom got into trouble with the cartel in Mexico."
A group of businesses or nations that collude to limit competition within an industry or market.
Common synonyms include: trust, accord, addition, affiliation, agglomeration, aggregation.
Tom got into trouble with the cartel in Mexico.
Pronounced /kɑːˈtɛl/.
In the business sense, borrowed from German Kartell, first used by Eugen Richter in 1871 in the Reichstag. In the political sense, which was the vehicle for this metaphor, the English sense, like the German sense, was borrowed from French cartel in the sixteenth century, from Italian cartello, diminutive of carta (“card, page”), from Latin charta.