Difference between revisions of "Cartel"
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Latest revision as of 18:56, 11 March 2020
Cartel - (noun)
Definition
A group of companies (or countries) that control the price or supply of a product by mutually agreeing to control production of that product.
Extra
Source: Adapted from Business Dictionary
Example of Use: The price of oil was kept high by the members of a cartel, restricting production.