Definition

A business or agency that provides expert advice in a specific area, such as finance or management.

Example

She works for a consultancy that helps companies improve their marketing strategies.

Conversation

Have you ever thought about starting a consultancy?

That sounds interesting! What kind of consultancy do you mean?

I was thinking about offering marketing advice as a consultancy.

That could be a great idea, especially with your experience!

Synonyms & Antonyms

Root Explanation

Consultancy → It is formed from "consult" (from Latin "consultare", meaning to deliberate or discuss) and the suffix "-ancy" (indicating a state or quality). The word "consultancy" refers to the state or quality of providing advice or deliberation.

Memory Tip

Think of the act of 'discussing' or 'deliberating' ('consult') and the state of being in that role ('-ancy'). This helps you remember that consultancy is about providing advice.

Visually Confused Words