CARTEL

Pronunciation (US): (GB):

Meaning:

A consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service

Example:

they set up the trust in the hope of gaining a monopoly

Synonyms:

cartel; combine; corporate trust; trust

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("cartel" is a kind of...):

consortium; pool; syndicate (an association of companies for some definite purpose)

Hyponyms (each of the following is a kind of "cartel"):

drug cartel (an illicit cartel formed to control the production and distribution of narcotic drugs)

oil cartel (a cartel of companies or nations formed to control the production and distribution of oil)