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cartelization

Translations

cartelizationnoun
cartelizations
pl
The government is investigating the cartelization of the oil industry.
Правительство расследует картелизацию нефтяной промышленности.
Synonyms
collusion
conspiracy
syndicate
trust
monopoly

Definitions

cartelizationnoun
The process of forming a cartel, which is an association of manufacturers or suppliers that maintain prices at a high level and restrict competition.
The cartelization of the oil industry led to higher prices for consumers.
A market condition or state of an industry in which collusion among firms limits competition and controls prices.
Regulators feared that the telecommunications sector was drifting toward cartelization, limiting consumer choice.
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