What is the difference between cartel and monopoly?
cartel | monopoly |
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
*, Folio Society, 2006, p.22:
An official agreement concerning the exchange of prisoners.
(nautical) A ship used to negotiate with an enemy in time of war, and to exchange prisoners.
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= 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.
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)- He is cowed at the very idea of a cartel .
- Xerxes'' whipped the Sea, and writ a cartell of defiance to the hill ''Athos .
- (Wilhelm)
Anagrams
* ----monopoly
English
(wikipedia monopoly)Noun
(monopolies)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.}}