Meaning of Cartel A cartel is a pool of businessmen carrying on a similar business, who unite to gain a monopoly in the market. Cartels are mostly formed when, due to intense competition, the small-scale units, have to suffer losses. These small units unite to form a Cartel and earn profits by establishing their monopoly. […]
Meaning of Pool of Companies A pool comprises several companies that determine based on a written agreement and central control a uniform market price for their products. In other words, the members of a pool combine voluntarily and maintain their identity, agreeing to market their product, at the mutually agreed rate. All member companies must
