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.
Related Category: Economics: Terms and Concepts
(kärtl´), national or international organization of manufacturers or traders allied by agreement to fix prices, limit supply, divide markets, or to fix quotas for sales, manufacture, ...
group of businesses or nations that agree to influence prices by regulating production and marketing of a product.
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.
A group of businesses, organizations or countries who agree to influence collectively the price or supply of goods. Such a group has less power than a monopoly. In the United States a cartel is sometimes called a trust.
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.
CARTEL - A group of businesses or nations that act together as a single producer to obtain market contr...
CARVE OUT - Usually occurs when a company decides to IPO one of their subsidiaries or divisions. The co...
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.
Cartel An association of suppliers in an industry that agrees to set common prices and output quotas to prevent competition.
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.
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 companies that act together with the effect of reducing competition and controlling prices
2. Finance ...
cartel a group of producers in the same industry who coordinate pricing and production decisions. (11) ...
A group of producers who agree to restrict their output in order to ensure higher market prices.
A cartel consisting of most of the world's oil exporters.
By agreeing to levels of production among members (Saudi Arabia, Iraq, United Arab Emirates, Kuwait, Iran, Qatar, Nigeria, Libya, Algeria, Indonesia and Venezuela), ...
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.
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.
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.
Oil executives were split on whether the Organization of the Petroleum Exporting Countries (OPEC) had been effective in stabilizing the oil market, with 42 percent seeing the cartel's efforts as "fair, ...
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. ...
His analysis of capital flight and the rise of mammoth cartels later influenced Lenin in his Imperialism: The Highest Stage of Capitalism, which has become a basis for the modern neo-Marxist analysis of imperialism.
See also: Transaction, Monopoly, Cartels, Sector, Index