Definition of Cartel

group of businesses or nations that collude to fix prices

Examples of Cartel in a sentence

Oil conglomerates run a cartel to keep prices high.  

Prices go up when a cartel controls the supply of products.  

We joined a cartel, restricting the import of diamonds.  

The cartel abused its power by overregulating price.  

The price of corn is high due to the newly created cartel.  

Other words in the Business category:

Most Searched Words (with Video)