Looking for the meaning of the word CARTEL in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of CARTEL with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Cartel
Speech Type: Noun
late 19th century: from German Kartell, from French cartel, from Italian cartello, diminutive of carta, from Latin carta (see card). It was originally used to refer to the coalition of the Conservatives and National Liberal parties in Germany (1887), and hence any political combination; later to denote a trade agreement (early 20th century)
kɑːˈtɛl
an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition
Short Definition:association of manufacturers or suppliers with purpose of maintaining prices at high level
Examples:- the Colombian drug cartels
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