cartel

Related Terms
Group of firms or nations who attempt to control price or supply of a commodity (such as oil) through mutual restraint on production. Although such collusion among sovereign countries (such as in OPEC) is grudgingly accepted, it is illegal among corporations. See also oligopoly.

Use 'cartel' in a Sentence

The drug cartel wreaked havoc on the community and was responsible for a variety of crimes against people and property.
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Desperate for oil, foreign governments had no choice but to give in to the excessive demands of the new and aggressive cartel.
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When the governments saw the excess of bananas rotting away in cellars, a cartel among those governments was introduced to control how many bananas were grown so that they might not lose value due to an overabundance of them.
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