Consortium Meaning

Consortium refers to partnership or association between two or more persons, the purpose of which is to achieve something specific by combining the resources of all persons or partners which have agreed to become a part of consortium.

Consortium is also used by companies, banks, educational institutions in order to achieve their desired objective. Consortium is different from partnership in the sense that partnership involves sharing of profits and losses by doing business while consortium is done in order to achieve something specific and the purpose of consortium is not always profit.

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