cartel
word
Definition
A cartel is a group of companies or organizations that secretly agree to control prices and limit competition. It can also refer to a group involved in illegal activities, especially drug trafficking.
Usage & Nuances
"Cartel" is formal and is most common in business, economics, and law. In everyday speech in the Americas, it often refers to criminal drug organizations. Do not confuse with "cartel" meaning 'poster' in Spanish.
Example Sentences
Several companies formed a cartel to control oil prices.
basic
The police arrested members of a dangerous drug cartel.
basic
A cartel tries to eliminate competition in the market.
basic
Many people think that the local gas stations are running a cartel.
natural
The cartel tried to fix the prices, but eventually got caught.
natural
Getting involved with a cartel is extremely risky.
natural