Cartel Meaning. Cartel definition A cartel occurs when two or more firms enter into agreements to restrict the supply or fix the price of a good in a particular industry. What is the definition of cartel.
What Does Cartel Mean. A written agreement between belligerent nations. Usually verbally and in secret.
From Wikipedia the free encyclopedia A drug cartel is any criminal organization with the intention of supplying drug trafficking operations.
Spoken pronunciation of cartel in English and in Telugu. Mar 29 2021 A cartel is an association of similar companies or businesses that have grouped together in order to prevent competition and to control prices. A combination of independent commercial or industrial enterprises designed to limit competition or fix prices. Cartel definition an international syndicate combine or trust formed especially to regulate prices and output in some field of business.
