How Do You Spell CARTELIZATION?

Pronunciation: [kˌɑːtɪla͡ɪzˈe͡ɪʃən] (IPA)

Cartelization, a noun meaning the formation of a cartel or the act of joining a cartel. The word is pronounced /kɑːˌtɛlɪˈzeɪʃən/ and is spelled with the prefix "cartel" followed by the suffix "-ization". The "-ize" part of the suffix indicates a change or transformation in the formation of a cartel. This word is often used in economics to describe the process of creating a cartel, which is an organization of businesses that agree to collude to control prices and manipulate the market.

CARTELIZATION Meaning and Definition

1. Cartelization refers to the act or process of forming a cartel or entering into an agreement among various entities or businesses within an industry to control and manipulate certain aspects of the market. It involves collusion and collaboration between these entities in order to fix prices, limit production, allocate market share, or influence market conditions, to their mutual benefit.

   The primary objective of cartelization is to eliminate or reduce competition by creating a monopoly or oligopoly within the industry, allowing the participating businesses to exert significant control over the market, maximize profits, and maintain stable conditions in their favor. This is typically achieved through agreements, arrangements, or understandings that are secret or hidden from public view.

   Cartelization can have several negative consequences on the market and consumers. By monopolizing the market, cartel participants can dictate higher prices to consumers, restrict choice, hinder innovation, and attempt to eliminate or subdue potential competition. This can result in consumer exploitation, reduced quality, and lack of variety within the market.

   Cartelization is generally considered illegal in many countries as it is viewed as anti-competitive behavior. Laws and regulations are in place to prevent and punish such practices, aiming to maintain fair market conditions and protect the interests of consumers. Authorities like competition commissions or antitrust agencies monitor and investigate potential cases of cartelization, imposing fines, penalties, or even criminal charges if found guilty, in order to deter such anti-competitive practices.

Common Misspellings for CARTELIZATION

• marbelization
• tartrization
• capselization

Etymology of CARTELIZATION

The word "cartelization" is derived from the noun "cartel" combined with the suffix "-ization".

The noun "cartel" originated from the Italian word "cartello" which referred to a placard or poster. In the 19th century, it evolved to denote an agreement or alliance formed between companies or businesses within the same industry to control prices, production, and market share. This practice was particularly associated with European countries and gained prominence during the Industrial Revolution.

The suffix "-ization" is of Latin origin, derived from the verb form "-izare" in Late Latin and Ancient Greek "-izein". It denotes the process of forming or creating something.

Therefore, when the suffix "-ization" is added to the noun "cartel", "cartelization" refers to the act or process of forming or creating a cartel or the state of being organized into a cartel.

Plural form of CARTELIZATION is CARTELIZATIONS