Cartel is basically an organization, which has been created by a formal agreement among a group of producers of a good or service, with regard to controlling or regulating the supply in an effort to manipulate prices.
A cartel is a group of firms acting together to restrict prices. Most commonly, a group of producers agree not to sell below a given price. By acting together the firms in a cartel are able to give themselves the same, or similar, pricing power to a monopoly.
Financial Terms Canada - cartel
a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service; "they set up the trust in the hope of gaining a monopoly" ...
A cartel is formed when a group of independently owned businesses agrees not to compete with each other in areas such as prices, territories, and production.
A formal organization set up by a group of firms that produce and sell the same product for the purpose of exacting and sharing monopolistic rents.
Once formed, a cartel must then remain vigilant against 'cheating' from within its ranks and competition from outside. Experience has shown that, very frequently, the greatest threat comes from entry into the industry by sellers who choose not to follow the cartel's pricing lead.
A cartel is a group of different international companies that calls for maintaining agreements on pricing, limiting output or dividing up the market to gain a strong hold on prices. These companies are usually under the industrial sector.
Definition: A group of producers who act together to fix price, output or conditions of sale.
Related glossary term: ...
A small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices.
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CARTEL - A group of businesses or nations that act together as a single producer to obtain market contr...
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CARVE OUT A NICHE - find a special position to monopolize ...
Cartel. A group of producers (or producing countries) entering into a collusive arrangement to regulate pricing, production, or marketing of goods by members.
An alliance or arrangement among industrial, commercial, or state-controlled enterprises producing the same commodity, aimed at regulating the purchase, production, or marketing of the commodity.
A cartel is an agreement (formal or informal) among competing companies to coordinate prices, marketing and production.
Une organisation de producteurs indépendants de biens et services, créée afin de régler la production, les prix ou les pratiques de marketing de ses membres en vue de limiter la concurrence et de maximiser leur puissance commerciale.
A group of independent producers which regulates production, pricing, and marketing by members to maximize market power and limit competition.
Cash Against Documents (CAD) ...
An agreement among two or more FIRMS in the same industry to co-operate in fixing PRICES and/or carving up the market and restricting the amount of OUTPUT they produce. It is particularly common when there is an OLIGOPOLY.
An organization of independent producers formed to regulate the production, pricing, or marketing practices of its members in order to limit competition and maximize their market power.
Cash Against Documents
A term denoting that payment is made when the bill of lading is presented.
Cartel - An agreement among, or an organization of, suppliers of a product to limit production in order to minimize competition and maximize market power.
Cartel - A group of producers who enter into a collusive agreement to restrict output in order to raise prices and profits.
Cartel - A group of separate companies or nations which together agree to control prices and not compete against each other. Also known as a Price Ring.
Cash Call - A request by a company to its shareholders to invest more money.
CARTEL: A formal agreement between businesses in the same industry, usually on an international scale, to get market control, raise the market price, and otherwise act like a monopoly.
cartel a group of producers in the same industry who coordinate pricing and production decisions. (11)
Cartesian coordinate system a graphing system in which ordered pairs of numbers are represented on a plane by the distances from a point to two perpendicular lines, called axes. (1ap) ...
A group of producers who agree to restrict their output in order to ensure higher market prices.
A cartel of oil-producing countries.
Planned financing program
Program of short-term and long-term financing as outlined in the corporate
A cartel of oil-producing countries.
A securities marketplace wherein purchasers and sellers regularly gather to trade securities according to the formal rules adopted by the exchange.
the cartel of nonconsumers who are using oil futures as part of an investing strategy that includes endless attempts to corner the market for crudes in order to make fortunes for them. that's what they did in 2008 when they cornered it and took it to $147.
Can tea cartel be more than a storm in a teacup?
Reuters Jan 28 Comment
Brewing a tea cartel is proving more difficult than a cuppa for six major producers of the world's most widely consumed beverage, who last week decided to join forces without explaining exactly what they planned to do.
A cartel of exporting countries or firms.
A loan to the buyer of an export, extended by the exporting firm when shipping the good prior to payment, or by a facility of the exporting country's government.
Organization of Petroleum Exporting Countries (O.P.E.C.) A cartel of oil-producing countries. Open Used in the context of general equities. Having either buy or sell interest at the indicated price level and side of a preceding trade.
OPEC (Organization of Petroleum Exporting Countries) A cartel of oil-producing countries. Open account Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger. Open book See: unmatched book.
For instance, individual firms in a cartel have an incentive to cheat on the previously agreed-upon price-output levels.
OPEC acts as an oil cartel, trying to fix prices by controlling output, primarily through production quotas. OPEC members control about two-thirds of the world's estimated reserves of oil. OPEC members produce perhaps 40% of global output and, more importantly, around 50% of exports.
In an attempt to mitigate buyer resistance, the prosecuted cartel in carbon brushes (the conductive element that transfers electricity from a hot rail or wire to a moving electric tram or train) discussed and agreed upon artificial 'justifications' for their collusive price increases, ...
Organization of Petroleum Exporting Countries (OPEC)
A cartel of oil-producing countries.
A securities marketplace where purchasers and sellers regularly gather to trade securities according to the formal rules adopted by the exchange.
Competition law, or antitrust law as it is known in the United States, is designed to maintain free, competitive trade between companies. It prohibits the existence or restrains the activities of monopolies, cartels and anti-competitive behaviour.
Horizontal mergers are regulated by the government for possible negative effects on competition. They decrease the number of firms in an industry, possibly making it easier for the industry members to go into cartels for monopoly profits. ...
Logically, this argument is sound, given the huge impoverished industrial working class then often far too poor to consume the goods produced by an industrialized economy. His analysis of capital flight and the rise of mammoth cartels later influenced Lenin in his Imperialism: The Highest Stage of ...
See also: Transaction, Monopoly, Cartels, Index, Expense