What context can I use each word in?
Learn when and how to use these words with these examples!
kartel
Example
The oil kartel was able to control the price of oil by limiting the supply. [kartel: noun]
Example
The government is investigating the kartel for price-fixing and anti-competitive practices. [kartel: noun]
monopoly
Example
The telecommunications company has a monopoly on internet services in the region. [monopoly: noun]
Example
The government broke up the monopoly of the oil company to promote competition and lower prices. [monopoly: noun]
Good things to know
Which word is more common?
Monopoly is more commonly used than kartel in everyday language, especially in the context of board games. However, both words are used in economics and business contexts.
What’s the difference in the tone of formality between kartel and monopoly?
Both kartel and monopoly are formal words used in academic and professional settings, but kartel may be less familiar to English learners compared to monopoly.
