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Featured Word B1

cartel (noun)

A cartel is a group of independent companies or organizations that agree to work together to control prices, limit production, or otherwise reduce competition in the market. This illegal arrangement is designed to benefit the members at the expense of consumers and fair market practices.

💡 Memory Tip

Think of a 'CAR' and a 'TEL' (telephone). Imagine a group of people in a CAR, talking on the TEL-ephone to secretly fix...

🏛️ Origin

⚠️ Common Mistakes

Using 'cartel' for a single company. → The company is a monopoly.

Spelling it as 'kartel'. → The cartel was exposed.