cartel


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Cartel

A combination of producers of any product joined together to control its production, sale, and price, so as to obtain a Monopoly and restrict competition in any particular industry or commodity. Cartels exist primarily in Europe, being illegal in the United States under antitrust laws. Also, an association by agreement of companies or sections of companies having common interests, designed to prevent extreme or Unfair Competition and allocate markets, and to promote the interchange of knowledge resulting from scientific and technical research, exchange of patent rights, and standardization of products.

In war, an agreement between two hostile powers for the delivery of prisoners or deserters, or authorizing certain nonhostile intercourse between each other that would otherwise be prevented by the state of war, for example, agreements between enemies for intercommunication by post, telegraph, telephone, or railway.

Although illegal in the United States, foreign cartels influence prices within the United States on imported and smuggled goods that they control. The United States has sued the De Beers diamond cartel several times, and works to stop the flow of illegal narcotics, whose production and distribution are largely controlled by drug cartels.

cartel

n. 1) an arrangement among supposedly independent corporations or national monopolies in the same industrial or resource development field organized to control distribution, to set prices, to reduce competition, and sometimes to share technical expertise. Often the participants are multi-national corporations which operate across numerous borders and have little or no loyalty to any home country, and great loyalty to profits. The most prominent cartel is OPEC (Organization of Petroleum Exporting Countries), which represents all of the oil producing countries in the Middle East, North Africa and Venezuela. Many cartels operate behind a veil of secrecy, particularly since under American anti-trust laws (the Sherman and Clayton Acts) they are illegal. 2) criminal syndicates like the international drug cartel headquartered in Colombia. (See: antitrust laws)

cartel

noun accord, accordance, affiliation, alliance, amalgamation, association, bloc, body corrorate, coadjuvancy, coalition, colleagueship, combination, combine, common consent, community of interest, concert, concord, concordance, concordat, concurrence, confederation, conjunction, consenus, consociation, consonancy, consort, consortium, contract, cooperation, covenant, federation, fusion, group, joint concern, league, merger, mutual understanding, organization, pact, sodality, syndicate, trust, union, unity
Associated concepts: business cartel, international cartel
See also: business, coalition, compact, confederacy, consortium, league, pool, syndicate, treaty, trust

cartel

see COMPETITION, COMPETITION POLICY.

CARTEL,war. An agreement between two belligerent powers for the delivery of prisoners or deserters, and also a written challenge to a duel.
     2. Cartel ship, is a ship commissioned in time of war, to exchange prisoners, or to carry any proposals between hostile powers; she must carry no cargo, ammunitions, or implements of war, except a single gun for signals. The conduct of ships of this description cannot be too narrowly watched. The service on which they are sent is so highly important to the interests of humanity, that it is peculiarly incumbent on all parties to take care that it should be conducted in such a manner as not to become a subject of jealousy and distrust between the two nations. 4 Rob. R. 357. Vide Merl. Rep. b. t.; Dane's Ab. c. 40, a. 6, 7; Pet. C. C. R. 106; 3 C. Rob. 141 C. Rob. 336; 1 Dods. R. 60.

References in periodicals archive ?
The cartel has become a sophisticated global business organization (SourceMex, Feb.
According to the US State Department, the Beltran Leyva cartel was originally part of the Sinaloa cartel but broke with the group in 2008.
Many of components of the work are highly informative and provide great insights into the relationships and animosities of the cartels to the Mexican government under the various administrations--both PRI and PAN--and to each other.
Authorities have arrested few senior leaders of the Knights Templar over the past year even as the cartel has come increasingly under attack by vigilantes, who are often accompanied by local residents who point out the thugs who have extorted money, stolen homes and cars, or kidnapped relatives.
Cartels are a sophisticated form of corporate crime because they, like other conspiracies, inherently require coordination across multiple firms, as the air cargo cartel example illustrates.
5bn on 11 commercial banks after claiming that they had operated a cartel during a repayment scheme for foreign currency mortgage holders two years ago.
The area near the border between Jalisco and Michoacan is the site of a fierce turf war between The Knights Templar and New Generation cartels.
1,000 Number of people killed each MONTH in the drug cartel wars
The Zetas' money was stashed in race horses, some of which were given not so subtle names like "Big Daddy Cartel" and "Morning Cartel," according to court documents.
NASDAQ: EA) today announced that a downloadable demo for Army of TWO[TM] The Devil's Cartel , the next installment of the franchise celebrated for its dynamic two player co-operative gameplay and over-the-top blockbuster action, will be available on Xbox LIVE[R] Marketplace and PlayStation[R]Network starting on March 12.
La Linea were one of the most notorious enforcer units wreaking terror for the Juarez cartel.
The Japan Fair Trade Commission on Thursday searched some 10 shipping companies over their alleged cartel to coordinate fare hikes for transporting vehicles and other exports.