Definitions

1. noun

An association or organization of individuals or companies that agree to regulate production, prices, or distribution of a commodity, especially in a way that is considered monopolistic or anti-competitive.

“The government cracked down on the oil cartel, accusing them of manipulating global prices.”

2. noun

A group of people or organizations secretly working together to achieve a common goal, especially one that is considered illicit or unethical.

“The cartel of hackers infiltrated the company’s computer system and stole sensitive information.”

3. verb

To secretly work together, especially in a way that is considered illicit or unethical.

“The company was accused of cartelizing the market by colluding with its competitors.”