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Consortium - Meaning, Definition & English Examples

A consortium is a group of organizations or individuals that collaborate to achieve a common goal, often pooling resources or expertise for a shared project or initiative.

consortium

/kənˈsɔrʃiəm/ /kənˈsɔːtiəm/

Definition:

A group of companies or organizations working together for a shared purpose.

Synonyms:

alliance, association, coalition, partnership

Part of Speech:

noun

Antonyms:

individual, competitor, rival

Common Collocations:

business consortium, research consortium, international consortium

Derivatives:

consortia (plural), consortial (adj.)

Usage Tips:

Use "consortium" for formal collaborations, often in business or research contexts; avoid for casual groups.

Common Phrases:

consortium agreement, consortium member, global consortium

Etymology:

From Latin "consortium," meaning partnership or fellowship, derived from "consors" (sharing jointly).

Examples:

  • 1. The university joined a research consortium to study climate change.
  • 2. Five companies formed a consortium to bid for the construction project.
  • 3. The consortium aims to improve healthcare access in rural areas.
  • 4. Their consortium secured funding for renewable energy development.

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