How Do You Spell CARTELISE?

1. Cartelize is a verb that refers to the act of forming or organizing a cartel. A cartel is an association or alliance of independent producers, suppliers, or companies in a particular industry or sector, with the purpose of controlling and manipulating market conditions to their advantage. When entities cartelise, they collude in order to coordinate their activities and exert concerted control over markets, often by means of price fixing, output limitation, allocation of market shares, or other anti-competitive practices.

   In a cartelized market, members act together to reduce competition and increase their collective profits. This can result in higher prices, restricted output, limited consumer choices, and reduced innovation within the industry. Cartels typically operate in sectors that involve homogenous products, limited numbers of producers, or where economies of scale are relevant.

   The act of cartelising is generally considered to be illegal in many jurisdictions, as it disrupts free and fair competition. It often violates antitrust or competition laws, which aim to protect consumer welfare and ensure a level playing field. Governmental or regulatory bodies actively investigate and prosecute cartelization activities in order to maintain market efficiency and prevent monopolistic or oligopolistic practices that harm consumers.

   Overall, cartelise is a verb that describes the formation and operation of a cartel, an entity that colludes to manipulate market conditions and reduce competition within a specific industry or sector.

The word "cartelize" (alternative spelling: cartelise) is derived from the noun "cartel". The term "cartel" originates from the French word "cartel", borrowed from the Italian word "cartello", which means "placard" or "paper". In the 19th century, the term was used to describe written agreements or contracts. However, its modern usage mainly refers to an association of manufacturers or businesses who collaborate to control the market prices and restrict competition. The verb form "cartelize" came into existence later, to denote the action of forming or operating as a cartel.

Conjugate verb Cartelise