Definition, Meaning & Synonyms

cartelization

noun

/kɑːrˌtɛlɪˈzeɪʃən/

Definition

The process of forming or organizing a cartel, where various companies or entities work together to control the market and limit competition.

Examples

The cartelization of the energy market led to inflated prices for consumers.
After the cartelization of the industry, several small firms struggled to survive.
Regulators are concerned about the cartelization of tech companies affecting innovation.

Meaning

Cartelization refers to the arrangement where companies band together to manipulate market conditions to their advantage, often leading to higher prices and restricted supply.