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Joint Venture

Meaning: 

A Joint Venture (JV) is a business arrangement where two or more companies or people work together on a specific project or activity, sharing profits, losses, and control.

Why It Is Important:

It helps companies grow without taking on all the risks themselves.
Companies can combine their skills, technology, and resources to be more effective.


How to understand a Joint Venture:

It reduces the cost burden for big projects by sharing expenses.
It makes it easier to enter new markets and reach more customers.

Uses of Joint Venture:   

Joint ventures are used in infrastructure projects (like roads and airports), manufacturing, technology sharing, real estate development, and expanding businesses internationally.


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