Reference > The New Dictionary of Cultural Literacy > 18. Business and Economics
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  The New Dictionary of Cultural Literacy, Third Edition.  2002.
 
cartel
 
 
(kahr-TEL) An association in which producers of a similar or identical product try to obtain a monopoly over the sale of the product.  1
‡ The Organization of Petroleum Exporting Countries (OPEC) is a cartel.  2
 
 
The New Dictionary of Cultural Literacy, Third Edition. Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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