cartel - Meaning in Hindi
cartel - Meaning in Hindi
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Definitions and Meaning of cartel in English
cartel noun
- a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
Synonyms
combine, corporate trust, trust, trust
ट्रस्ट, न्यास
Example
- "they set up the trust in the hope of gaining a monopoly"
Description
A cartel is a group of independent market participants who collude with each other as well as agreeing not to compete with each other in order to improve their profits and dominate the market. A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members. Additionally, advancements in technology or the emergence of substitutes may undermine cartel pricing power, leading to the breakdown of the cooperation needed to sustain the cartel. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers.
Also see "Cartel" on WikipediaWhat is cartel meaning in Hindi?
The word or phrase cartel refers to a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service. See cartel meaning in Hindi, cartel definition, translation and meaning of cartel in Hindi. Find cartel similar words, cartel synonyms. Learn and practice the pronunciation of cartel. Find the answer of what is the meaning of cartel in Hindi. देखें cartel का हिन्दी मतलब, cartel का मीनिंग, cartel का हिन्दी अर्थ, cartel का हिन्दी अनुवाद।
Tags for the entry "cartel"
What is cartel meaning in Hindi, cartel translation in Hindi, cartel definition, pronunciations and examples of cartel in Hindi. cartel का हिन्दी मीनिंग, cartel का हिन्दी अर्थ, cartel का हिन्दी अनुवाद