Meaning of the word cartel in English
What does cartel mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cartel
US /kɑːrˈtel/
UK /kɑːrˈtel/
Noun
1.
an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
Example:
•
The oil cartel agreed to cut production to boost prices.
•
The government is investigating an alleged drug cartel.
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