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    cartel

    cartel - Dictionary definition and meaning for word cartel

    Definition
    (noun) a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
    Synonyms : combine , corporate trust , trust
    Example Sentence
    • they set up the trust in the hope of gaining a monopoly
   Mnemonics (Memory Aids) for cartel

CAR+TELL...we have to buy cars at a price told by the manufacturer, we cannot bargain....coz they have CARTEL and don't bring down the price of car.....

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cartel resolve it as car and tel. car accomodates a group of people(memorise it as industries or companies) tel -> gathering to provide high productivity

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