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What is the difference between cartel and monopoly?

cartel | monopoly |

As nouns the difference between cartel and monopoly

is that cartel is a group of businesses or nations that collude to limit competition within an industry or market while monopoly is a situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.

As a proper noun Monopoly is

a board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.

cartel

English

(wikipedia cartel)

Noun

(en noun)
  • A group of businesses or nations that collude to limit competition within an industry or market.
  • A combination of political groups (notably parties) for common action.
  • A written letter of defiance or challenge.
  • * Sir Walter Scott
  • He is cowed at the very idea of a cartel .
  • *, Folio Society, 2006, p.22:
  • Xerxes'' whipped the Sea, and writ a cartell of defiance to the hill ''Athos .
  • An official agreement concerning the exchange of prisoners.
  • (Wilhelm)
  • (nautical) A ship used to negotiate with an enemy in time of war, and to exchange prisoners.
  • Anagrams

    * ----

    monopoly

    Noun

    (monopolies)
  • A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
  • * {{quote-magazine, date=2013-08-10, volume=408, issue=8848, magazine=(The Economist)
  • , title= Can China clean up fast enough? , passage=It has jailed environmental activists and is planning to limit the power of judicial oversight by handing a state-approved body a monopoly over bringing environmental lawsuits.}}
  • An exclusive control over the trade or production of a commodity or service through exclusive possession.
  • The privilege granting the exclusive right to exert such control.
  • (metonymy) The market thus controlled.
  • (metonymy) The holder (person, company or other) of such market domination in one of the the above manners.
  • Synonyms

    * (holder) monopolist

    Antonyms

    * monopsony

    Derived terms

    * monopolistic * monopolistically * monopolize, monopolization, monopolizer