Collusion is a deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right. Collusion is not always considered illegal. It can be used to attain objectives forbidden by law; for example, by defrauding or gaining an unfair market advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities.It can involve "unions, wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties". In legal terms, all acts effected by collusion are considered void.
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👉 Collude in the context of Narcotic cartel
A drug cartel is a criminal organization composed of independent drug lords who collude with each other in order to improve their profits and dominate the illegal drug trade. Drug cartels form with the purpose of controlling the supply of the illegal drug trade and maintaining prices at a high level. The formations of drug cartels are common in Latin American countries. Rivalries between multiple drug cartels cause them to wage turf wars against each other. Drug cartels often transport both drugs and narcotics, and most often the term "Narcotics cartel" is not used to describe an organization that transports the latter legally defined set of illegal substances, such as marijuana.
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Collude in the context of Drug lord
A drug lord, drug baron, kingpin, or lord of drugs is a type of crime boss in charge of a drug trafficking network, organization, or enterprise. When a group of independent drug lords collude with each other, in order to improve their profits and dominate the illegal drug trade, they form an organization called a drug cartel.