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cartel - Meaning in Konkani

IPA: kɑrtɛlKonkani: कार्टेल

cartel - Meaning in Konkani

Sorry, exact match is not available in the bilingual dictionary.

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Definitions and Meaning of cartel in English

cartel noun

  1. 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

    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 Wikipedia

What is cartel meaning in Konkani?

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 Konkani, cartel definition, translation and meaning of cartel in Konkani. Find cartel similar words, cartel synonyms. Learn and practice the pronunciation of cartel. Find the answer of what is the meaning of cartel in Konkani.

Other languages: cartel meaning in Hindi

Tags for the entry "cartel"

What is cartel meaning in Konkani, cartel translation in Konkani, cartel definition, pronunciations and examples of cartel in Konkani.

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