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.
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.