cartel - Dictionary definition and meaning for word
cartel
Definition (noun) a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
they set up the trust in the hope of gaining a monopoly
Mnemonics (Memory Aids) for cartel
CAR+TELL...we have to buy cars at a price told by the manufacturer, we cannot bargain....coz they have CARTEL and don't bring down the price of car.....
cartel resolve it as car and tel.
car accomodates a group of people(memorise it as industries or companies)
tel -> gathering to provide high productivity
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