cartel — An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition
Part of speech: NOUN
Definition: An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition
Pronunciation (IPA): /kɑrˈtel/
Korean meaning: 가격 담합이나 시장 독점을 위해 형성된 기업 연합체, 카르텔
Korean pronunciation: 카**텔**
Example Sentences
- The smartphone cartel was caught red-handed when all prices mysteriously increased by exactly $50 on the same day.
- OPEC is one of the world's most powerful oil cartels.
- The coffee shop cartel on campus made sure no latte cost less than $6.
cartel
NOUN//kɑrˈtel//
An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition
An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition
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When the hotel bell rings, the cartel convenes
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🌳Etymology
Origin
16세기 프랑스어에서 유래된 단어로, 원래는 '도전장'이나 '합의서'를 의미했습니다. 이탈리아어 cartello(작은 종이)에서 나온 말로, 기업들이 종이에 협정을 맺는다는 의미에서 현재의 '카르텔' 개념이 발전했습니다.
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“The smartphone cartel was caught red-handed when all prices mysteriously increased by exactly $50 on the same day.”
“OPEC is one of the world's most powerful oil cartels.”
“The coffee shop cartel on campus made sure no latte cost less than $6.”
“Government regulators are investigating the suspected cartel in the telecommunications industry.”
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