Corporate Trust (Noun)
Meaning
A consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service; "they set up the trust in the hope of gaining a monopoly".
Classification
Nouns denoting groupings of people or objects.
Examples
- The corporate trust was established by several major oil companies to control the global market and set prices.
- The government launched an investigation into the corporate trust formed by tech giants to stifle innovation and limit competition.
- Critics argued that the corporate trust would lead to higher prices and reduced quality of service for consumers.
- The formation of the corporate trust was seen as a strategic move to gain a monopoly in the industry and eliminate smaller competitors.
- Regulators were concerned that the corporate trust would undermine fair market practices and create an uneven playing field for new entrants.