Cartel

A Cartel is two or more similar independent companies who enter into agreements to control prices and limit competition of a good in a particular industry. Most jurisdictions consider the Cartel is the anti-competitive behaviour that is distort normal business of a competitive market; redistribute income in society from consumers to powerful vested interests; successful cartels become an easy way to make profit, therefore it may discourage innovation and efficiency gains. A Prosecutor Cartel typically refers to a situation in which multiple prosecutors or legal authorities engage in unlawful or unethical collusion, usually for personal gain, to manipulate the legal system or legal proceedings. Such behaviour is illegal and unethical, as it undermines the principles of justice and the impartiality of the legal system. (e.g., Suppress evidence; Engage in selective prosecution; Influence judges or juries; Manipulate legal processes, etc.)

Reference Definition by OECD: A Cartel is a formal agreement among firms in an oligopolistic industry. Cartel members may agree on such matters as prices, total industry output, market shares, allocation of customers, allocation of territories, bid-rigging, establishment of common sales agencies, and the division of profits or combination of these.

Related Definitions in the Project: The Commercial Definitions; Project Management 

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