IPA: /kənˈsɔːrtiəm/
KK: /kənˈsɔːrtiəm/
A group of organizations or individuals that work together for a common purpose, often in business or research.
The consortium of universities collaborated on the new research project.
Consortium → It is formed from "con-" (meaning together) and "sors" (meaning lot or share). The word refers to a group of individuals or entities coming together to share resources or collaborate on a common goal.
Think of people coming 'together' ('con-') to share a 'lot' or 'share' ('sors') — that's what a consortium is.