A group of businesses or nations that act together as a single producer to obtain market control and to influence prices in their favor by limiting production of a product. The United States has laws prohibiting cartels.
Context is: trade term. An alliance or arrangement among industrial, commercial, or state-controlled enterprises producing the same commodity, aimed at regulating the purchase, production, or marketing of the commodity. A cartel agreement is often accompanied by output and investment quotas. When a cartel gains monopoly power, it will normally seek to maximize profits by raising prices and limiting supply. See also Commodity; Monopoly; Organization of Petroleum Exporting Countries.
An alliance or arrangement among enterprises in the same field of business aimed at securing an international monopoly. A cartel usually seeks to control production or the amount marketed to raise prices and maximize profits.
A group of suppliers who get toghether to control the supply or the price of their product. Some cartels, such as OPEC, operate overtly. Others are less easy to pin down. For example, if the prices for electrical goods are the same in most shops, is this because the makers have colluded in making retailers charge these prices? Or is it because the market forces retailers not to charge more than their competitors
A cartel is a group of formally independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices. Cartels typically control selling prices, but some are organized to control the prices of purchased inputs. Cartels are prohibited by antitrust laws in most countries; however, they continue to exist nationally and internationally, openly and secretly, formally and informally.
Cartel is a five-member American pop punk band from Atlanta, Georgia that formed in 2004. Their most recent album, Chroma put them on Alternative Press's 2005 list of "Bands You Need to Know". In March 2006, they were also named Yahoo!
When eTopps allowed collectors to vote on which players they wanted as part of the 2002 baseball set, a number of collectors with substantial voting power pooled their votes to determine whether or not certain players would receive a card. Related: Vote.