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Cartelism
Translation of "cartelism" into Russian
cartelism
Noun
UK
/kɑːˈtɛlɪzəm/
US
/kɑrˈtɛlɪzəm/
cartelism
картелизм
Cartelism can lead to reduced competition in the market.
Картелизм может привести к снижению конкуренции на рынке.
Definitions
cartelism
Noun
UK
/kɑːˈtɛlɪzəm/
US
/kɑrˈtɛlɪzəm/
The practice or system of forming cartels, which are associations of manufacturers or suppliers that maintain prices at a high level and restrict competition.
The rise of cartelism in the industry led to increased prices and reduced market competition.
A socio-economic system in which cartels dominate markets through coordinated price-fixing and market allocation.
Early-twentieth-century German cartelism profoundly influenced industrial policy.