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What does cartelization mean?

Looking for the meaning or definition of the word cartelization? Here's what it means.

Noun
  1. The act of cartelizing.
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Examples
He said that local producer in the country is not facilitating the LPG importer therefore cartelization of LPG is not flourishing in the country so far.
Asim Hussain noted that the gas crisis stands hitherto unresolved owing to cartelization.
In fact the group has not let the competition in the business grow which has resulted in cartelization.
It is relevant to mention that the Commission imposed a penalty of Rs50 million on PPA in 2010 for cartelization in various poultry markets.
Minister of State for Finance Saleem Mandviwala told the House during question hour that the commission has taken a number of preemptive measures against cartelization.
Our people run after nostrums of cartelization or socialization, though no theorist has succeeded in discovering how to make them work.

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