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Understanding the Concept of Oil Cartel in Sociology

In the field of sociology, the term 'oil cartel' refers to a specific type of organization or group that controls the production, pricing, and distribution of oil on a global scale. This article explains the concept of an oil cartel, focusing on the functions, social, economic, and political implications, challenges, and criticisms. It also emphasizes the importance of understanding oil cartels in comprehending the dynamics of the global oil market and its impact on society.

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