Definition

The process of forming a cartel, which is a group of businesses or organizations that work together to control prices and limit competition.

Example

The cartelization of the industry led to higher prices for consumers.

Conversation

Did you hear about the recent news on cartelization in the market?

Yeah, it's pretty concerning how it can affect prices.

Exactly! I wonder what measures they’ll take to prevent cartelization.

Hopefully, they can find a way to keep competition fair.

Synonyms & Antonyms

Root Explanation

Cartelization is formed from "cartel" (from French *cartel*, meaning a written agreement or contract) and "-ization" (a suffix used to form nouns indicating a process or action). The term refers to the process of forming a cartel, which is an agreement among competing firms to control prices or limit production.

Memory Tip

Think of a 'cartel' as a group making a 'written agreement' to control something, and '-ization' means the process of doing that.

Visually Confused Words