Definition, Meaning & Synonyms

cartelize

verb

/kɑrtəlaɪz/

Definition

To form or join a cartel, often for the purpose of controlling production, prices, or distribution of goods.

Examples

After several meetings, the companies decided to cartelize to stabilize the market.
Authorities are investigating if the firms attempted to cartelize in order to fix prices.

Meaning

Cartelize refers to the process of organizing or uniting businesses within an industry to work together, typically to manipulate market conditions in their favor.