Main Difference
The main difference between Partnership and Consortium is that the Partnership is a arrangement in which parties agree to cooperate to advance their mutual interests and Consortium is a association of legal entities, usually businesses
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Partnership
A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract.
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Consortium
A consortium is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.
Consortium is a Latin word meaning “partnership”, “association” or “society”, and derives from consors ‘partner’, itself from con- ‘together’ and sors ‘fate’, meaning owner of means or comrade.
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Partnership (noun)
The state of being associated with a partner.
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Partnership (noun)
An association of two or more people to conduct a business,
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Partnership (noun)
The period when two specific batsmen are batting, from the fall of one wicket until the fall of the next; the number of runs scored during this period,
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Consortium (noun)
An association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.
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Consortium (noun)
A similar arrangement among non-commercial institutions or organizations.
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Consortium (noun)
An association or society.
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Consortium (noun)
The right of a spouse to all the normal relationships with his or her mate.
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Consortium (noun)
A group of symbiotic microbes.
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Partnership (noun)
the state of being a partner or partners
“we should go on working together in partnership”
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Partnership (noun)
an association of two or more people as partners
“an increase in partnerships with housing associations”
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Partnership (noun)
a business or firm owned and run by two or more partners
“the partnership now owns 22 department stores”
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Partnership (noun)
a position as one of the partners in a business or firm
“she will be eligible for a partnership after a few years”
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Partnership (noun)
the number of runs added by a pair of batsmen before one of them is dismissed or the innings ends
“their 176-run third-wicket partnership”