CHARTEL Meaning and
Definition
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The term "chartel" is a noun that refers to an agreement or arrangement between competing businesses aimed at controlling and manipulating the market for their own benefit. This term is often used to describe a combination or alliance formed by companies in an industry to restrict or eliminate competition.
A "chartel" typically involves businesses agreeing to fix prices, limit production, allocate customers or territories, or engage in other anti-competitive practices. The primary purpose behind forming a chartel is to increase profits and maintain a dominant position in the market by reducing competition and exerting control over market forces.
This type of arrangement is generally regarded as illegal in many countries due to its negative impact on market competitiveness, consumer welfare, and economic efficiency. Governments and regulatory bodies actively monitor and enforce laws to prevent the formation and operation of cartels.
The term "chartel" originated from the French word "cartel," meaning a written agreement or contract. It is frequently used interchangeably with the term "cartel" to describe these illicit agreements among businesses. However, it is important to note that "chartel" is not widely recognized and is often considered an alternative spelling or variation of "cartel."
Common Misspellings for CHARTEL
- chartle
- xhartel
- vhartel
- fhartel
- dhartel
- cgartel
- cbartel
- cnartel
- cjartel
- cuartel
- cyartel
- chzrtel
- chsrtel
- chwrtel
- chqrtel
- chaetel
- chadtel
- chaftel
- chattel
- cha5tel
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