Definition

To create or organize a group of businesses or organizations that work together to control prices and limit competition.

Example

The companies decided to cartelize their operations to increase profits.

Tense Forms

Conversation

Have you heard about the new companies that are trying to cartelize the market?

Yeah, it sounds pretty shady to me.

Right? It's like they want to control everything and limit competition.

Exactly! We need more transparency in business practices.

Synonyms & Antonyms

Root Explanation

Cartelize → It is formed from "cartel" (from French *cartel*, meaning a formal agreement or contract) and "-ize" (a suffix used to form verbs meaning to make or to become). The word "cartelize" means to make or form a cartel, typically referring to the act of organizing or formalizing a group for mutual benefit, often in business or trade.

Memory Tip

Think of a 'cartel' as a formal agreement among businesses, and when you 'cartelize,' you are making that agreement official.

Visually Confused Words