verb
- to form or organize into a cartel; to combine (independent producers or sellers) into a cartel to control prices and output
Usage: chiefly British spelling; American English typically uses 'cartelize'; business/economics term
Examples
- The oil-producing nations agreed to cartelise their exports to stabilize global prices.
- Competitors were accused of attempting to cartelise the market by fixing prices.
- The government investigated whether the companies had cartelised their operations illegally.
- Small producers feared that larger firms would cartelise the industry.
- International trade rules aim to prevent companies from cartelising markets.