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1. the motive of pool is earning profits.But the motives of cartel is distribution of product it does not operate for earning profits for itself.2. pool is an agreement which is made by the members of the pool produce similar product and they want to regularize the price of product.But cartel is an association of independent producers.Cartel can not interfere in the internal affairs of the firm..3. the pool rliminates the competition. But cartel secures monopoly .4.pool divides market but cartel distributes product
What else can I help you with?
What is the difference between cartel and collusion?
A cartel is a formal agreement between companies to control the price of a commodity or product etc - like OPEC. Tacit collusion occurs when companies make an informal agreement to fix prices (i.e. they do this without letting their competitors or official bodies know). Your confusion might arise from the fact that members of a Cartel (an officially organised group) can still engage in unofficial agreements (tacit collusion), although it is usually firms outside a cartel who do this
What is the difference between cartel and oligopoly?
Monoply is a situation in which a single person or individual or a business dictates the whole system and people are dependent only on that single individual or business.While cartel is a situation where a group of businesses or companies work hand in hand instead of competing with each other to benefit themselves and not the consumer.In both conditions the consumer is the looser.
Why cartel fails?
cartel is formed by few sellers when they want to maximise profit ,what is the advantage of forming a cartel?
What is a centralized cartel?
A centralised cartel is an arrangement by all the members, where a centralised body decides on the pricing.
What is the name for a formal organization of producers that agrees to coordinate prices and production called-?
The name for a formal organization of producers that agree to coordinate prices and production is called a cartel.
What is the difference between a trust and a cartel?
In trust we lose our independence. In cartel we retain the independence.....
What is the difference between a pool table light and a billiards table light?
There is no difference.
What is the difference between population and gene pool?
money
What is the difference between an Senior Olympic Pool and a Olympic Pool?
One is bigger than the other
What is the difference between a pond and a swimming pool?
a pond is smaller
What is the difference between a penny in a chlorine pool and in a saltwater chlorinated pool?
You have a penny in both types of pools ... ???
What is the difference between cartel and collusion?
A cartel is a formal agreement between companies to control the price of a commodity or product etc - like OPEC. Tacit collusion occurs when companies make an informal agreement to fix prices (i.e. they do this without letting their competitors or official bodies know). Your confusion might arise from the fact that members of a Cartel (an officially organised group) can still engage in unofficial agreements (tacit collusion), although it is usually firms outside a cartel who do this
What is the difference between an old olympic pool and a new pool olympic pool?
new pools are 9ft deep; old pools are typically 6ft
What is Difference between 38a and 38c in swimming pool?
One Bra size.
Difference between pool tiles and regular tiles?
Pool tiles have a harder surface. They can tolerate being in constant contact with water and harsh pool chemicals
What is the difference between a cartel and a trust?
A cartel is an agreement between competing firms to control prices or limit competition in a specific market, often through collusion. A trust is a legal entity created to combine multiple businesses under common ownership to reduce competition and control markets. Both aim to restrict competition but operate differently in terms of structure and legality.
What is the difference between cartel and oligopoly?
Monoply is a situation in which a single person or individual or a business dictates the whole system and people are dependent only on that single individual or business.While cartel is a situation where a group of businesses or companies work hand in hand instead of competing with each other to benefit themselves and not the consumer.In both conditions the consumer is the looser.
