cartel
|car-tel|
C1
🇺🇸
/kɑːrˈtɛl/
🇬🇧
/kɑːˈtɛl/
price-fixing group
Etymology
Etymology Information
'cartel' originates from Italian, specifically the word 'cartello,' where 'carta' meant 'paper' or 'card.'
Historical Evolution
'cartello' transformed into the French word 'cartel,' and eventually became the modern English word 'cartel' through Middle English.
Meaning Changes
Initially, it meant 'a letter of defiance or challenge,' but over time it evolved into its current meaning of 'an association of manufacturers or suppliers.'
Meanings by Part of Speech
Noun 1
an association of manufacturers or suppliers that maintains prices at a high level and restricts competition.
The oil cartel decided to cut production to increase prices.
Synonyms
Antonyms
Last updated: 2025/01/11 11:45