Cartel vs. Oligopoly

Cartelnoun

(economics) A group of businesses or nations that collude to limit competition within an industry or market.

Cartelnoun

A combination of political groups (notably parties) for common action.

Cartelnoun

(historical) A written letter of defiance or challenge.

Cartelnoun

An official agreement concerning the exchange of prisoners.

Cartelnoun

A ship used to negotiate with an enemy in time of war, and to exchange prisoners.

Cartelnoun

An agreement between belligerents for the exchange of prisoners.

Cartelnoun

A letter of defiance or challenge; a challenge to single combat.

Cartelverb

To defy or challenge.

Cartelnoun

a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service;

Cartel

A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals.

Oligopolynoun

An economic condition in which a small number of sellers exert control over the market of a commodity.

Oligopolynoun

(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors

Oligopoly

An oligopoly (from Greek ὀλίγος, oligos and πωλεῖν, polein ) is a market form wherein a market or industry is dominated by a small group of large sellers (oligopolists).