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cartel

C2
Fairly common

Pronunciation

UK

  • /kɑːtˈɛl/

US

  • /kɑrˈtɛl/

Meanings

Noun

  1. an organized criminal group, especially one that traffics illegal drugs

  2. a group of businesses or producers that cooperate to control prices or limit competition

Beyond the definition

Imagine a group of farmers deciding together how much wheat to grow so they can all charge higher prices. That's the basic idea behind a cartel—often on a much larger and more secretive scale. In economics and law, it’s an agreement among independent businesses (or producers) to coordinate prices, output, or market territory so they can reduce competition and increase profits. In many places, this kind of coordination is illegal under competition (antitrust) laws. While the word can be used in legitimate discussions (for example, describing how OPEC influences oil supply), "cartel" in everyday conversation most often conjures images of dangerous criminal organizations involved in illegal trades like drug trafficking. Think of it as a secret club with a lot of power—and usually, a lot of money earned through illicit means.

Examples

  1. 1

    Drug crime

    Police arrested several members of a drug cartel near the border.

  2. 2

    Price fixing

    The companies were accused of forming a cartel to keep prices high.

    • Patternform a cartel

      join together secretly to control a market

  3. 3

    Antitrust law

    New anti-cartel laws made it harder for large firms to fix prices.

  4. 4

    Crime fiction

    In the movie, the local cartel controls everything from shipping to security.

See also

Similar

Shades of meaning

Contrast

Do not confuse

Used with (collocations)

  • oil cartel
  • cartel agreement
  • break up a cartel

Word family

  • cartelization
  • cartelize

Explore

Forms and spellings

2 forms open this card.

Main spelling

  • cartelnoun

Forms

  • cartelspluralnoun