Country accepts liberal Frenchman arranging a tree combination (12)
I believe the answer is:
conglomerate
'combination' is the definition.
(thesaurus)
'country accepts liberal frenchman arranging a tree' is the wordplay.
I cannot quite see how this works, but
'liberal' could be 'l' (abbreviation) and 'l' is found within the answer.
'country' could be 'congo' (Congo is an example) and 'congo' is located in the remaining letters.
'frenchman' could be 'm' (abbreviation for Monsieur) and 'm' is found within the answer.
'a' is within the answer.
an anagram of 'tree' is 'erte' which is within the left over letters.
No letters remain.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
(Other definitions for conglomerate that I've seen before include "Coarse-grained rock; large corporation" , "Big diverse firm" , "Multinational" , "Large corporation formed through mergers" , "Large company formed by merger" .)