cartel Meaning in the Cambridge English Dictionary
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Meaning of “cartel” in the English Dictionary

"cartel" in British English

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cartelnoun [C]

uk   /kɑːˈtel/  us   /kɑːr-/
a ​group of ​similarindependentcompanies who ​join together to ​controlprices and ​limitcompetition: an ​oil cartel
(Definition of cartel from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cartel" in American English

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cartelnoun [C]

 us   /kɑrˈtel/
a ​group of ​similarindependentcompanies or ​countries who ​join together to ​controlprices and ​limitcompetition
(Definition of cartel from the Cambridge Academic Content Dictionary © Cambridge University Press)

"cartel" in Business English

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cartelnoun [C]

uk   us   /kɑːˈtel/ usually disapproving
ECONOMICS a ​group of similar ​companies who ​agreeprices between them in ​order to ​increaseprofits and ​limitcompetition: operate/form a cartel Supermarkets were ​accused of ​operating a cartel on the ​price of many ​staplefoods. abanking/​oil cartel a price-fixing/​illegal/​drugs cartel
(Definition of cartel from the Cambridge Business English Dictionary © Cambridge University Press)
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