Kartellidele

Kartellidele refers to the plural form of "kartell" in Estonian, meaning a cartel. A cartel is a formal agreement among competing firms or states that limits competition. In business, cartels are typically agreements between producers to fix prices, coordinate production levels, or divide markets. These agreements are often formed to increase profits for the members by reducing competition, which can lead to higher prices for consumers and reduced consumer choice. Cartels are generally illegal in most countries, as they are considered anti-competitive practices that harm the economy and consumers.

In the context of international relations, cartels can also refer to groups of countries that cooperate to control the supply and price of a particular commodity. The most famous example is the Organization of the Petroleum Exporting Countries (OPEC), which aims to coordinate the petroleum policies of its member countries and secure fair prices for producers. Like business cartels, these international agreements can face scrutiny and opposition from countries that are not part of the cartel, particularly if they are major consumers of the commodity in question. The effectiveness and legality of such cartels are often debated, with arguments focusing on economic stability versus fair market competition.