cartelization Definition
the formation or operation of a cartel, especially in business.
Using cartelization: Examples
Take a moment to familiarize yourself with how "cartelization" can be used in various situations through the following examples!
Example
The government is investigating the possible cartelization of the oil industry.
Example
The company was accused of engaging in cartelization to fix prices.
Example
Cartelization can lead to higher prices and reduced competition in the market.
cartelization Synonyms and Antonyms
Phrases with cartelization
the formation or operation of a group of drug traffickers who work together to control the production and distribution of illegal drugs
Example
The government is taking steps to combat drug cartelization in the country.
the concentration of media ownership in the hands of a few large corporations, leading to a lack of diversity and competition in the industry
Example
Media cartelization has been a growing concern in recent years, with many people calling for greater regulation of the industry.
the formation or operation of a group of companies that work together to control the production and distribution of food products, often resulting in higher prices for consumers
Example
The government is investigating allegations of food cartelization in the dairy industry.
Summary: cartelization in Brief
The term 'cartelization' [kɑːtəlaɪˈzeɪʃən] refers to the formation or operation of a cartel, especially in business. It can lead to reduced competition and higher prices in the market, as exemplified by 'The company was accused of engaging in cartelization to fix prices.' 'Cartelization' extends into phrases like 'media cartelization,' denoting the concentration of media ownership, and 'food cartelization,' referring to the control of food production and distribution.
