1. the process of forming or organizing into a cartel; the act of combining independent producers or suppliers into a cartel to control prices and production
Usage: economics; business

Examples

• The cartelization of the oil industry in the 1970s led to significant price increases worldwide.
• Antitrust laws were designed to prevent the cartelization of major industries.
• The cartelization of diamond production allowed a few companies to control global supply.
• Economists warned that cartelization would reduce consumer choice and increase costs.
• The government investigated allegations of cartelization among cement manufacturers.
• Cartelization in the pharmaceutical sector raised concerns about drug pricing.