Consortium, an association of two or more individuals. Another word for this is organization, company, coalition, alliance, group, mob, outfit, cartel, government, syndicate, corporation, gang. Consortium is a Latin word meaning 'partnership, society or association'.
A cartel is a joing of all business of same sort to form a single business. Cartel mergers are profitable. For example there are three firms which behave as a cartel, if all firms collude to act as a single firm, the merger will be profitable in oligopolistic industries. It will ensure the firm will gain an economic profit and will eventually drive off the weaker firm and the price benifit will go to consumers. (Term cartel is used when similar businesses merge to form a single business, a monopoly).
Is cartel masculine or feminine
Cutter Consortium was created in 1986.
Atlas Consortium was created in 2005.
London Consortium was created in 1993.
ACAC consortium was created in 2002.
WIDA Consortium was created in 2002.
The plural of consortium can be either consortia or consortiums.
The building was purchased by a consortium of investors.
cartel is formed by few sellers when they want to maximise profit ,what is the advantage of forming a cartel?
The duration of The Cartel is 1.5 hours.