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Meaning of cartel

Source language: EnglishDictionary language: English

cartel

Pronunciation:/kɑːˈtɛl//kɑɹˈtɛl/

noun

Definitions

  1. A group of businesses or nations that collude to limit competition within an industry or market.

    Example: car cartel

  2. A combination of political groups (notably parties) for common action.

  3. A written letter of defiance or challenge.

  4. An official agreement concerning the exchange of prisoners.