cartel

Definitions

General English

Accounting

  • noun a group of companies which try to fix the price or to regulate the supply of a product so that they can make more profit

Banking

  • noun reasons for doing something

Economics

  • noun a group of companies which try to fix the price, or to regulate the supply of a product, because they can then profit from this situation

Health Economics

  • (written as Cartel)
    A grouping of producers that acts as a monopoly. Suppliers of similar products may coordinate their behaviour implicitly or explicitly by setting common prices, sharing agreed market quotas, or acting in other ways as a single organization might act to increase profit (and prices). Professional organizations in health care often act as though they were cartels through such devices as negotiating a standard fee schedule (per item of service), banning advertising, making particular acts (such as performing injections) legal only for members (and illegal for members of closely related professionals).

Information & Library Science

Law

  • noun a group of companies who illegally and secretly agree to fix the price of their products in order to destroy the competition

Politics

  • noun an alliance among parties or groups having common aims
http://www.dictionarycentral.com/definition/cartel.html