Definition of price ring in English:

price ring

Line breaks: price ring

noun

  • A group of traders or companies acting illegally to fix a minimum retail price for their competing products, thus forming a cartel.
    More example sentences
    • In addition, when several business giants reached a stalemate in the struggle for domination of a market they would create a 'cartel' or price-ring which administered agreed, stable prices throughout that industry.
    • Private enterprise must not shelter behind price rings and rigged markets.

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Word of the day skosh
Pronunciation: skəʊʃ
noun
a small amount; a little