Definition of Cartel
Cartel
car·tel
Definition/Meaning
(noun)
a group of manufacturers, suppliers or smugglers that aims to wipe out competition, often through illegal actions such as violence and bribery, in order to keep prices and demand high;
e.g. The cartel had a stronghold on the heroin market in the area.
(noun)
an arrangement between political parties in order to promote or achieve a common interest or goal;
e.g. Historically, cartels were popular arrangements between political parties.
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