Definition, Explanation and Examples of Joint Venture: Learning Objectives: Define and explain the terms joint venture. What the advantages or benefits of joint venture. Definition: A joint venture is a temporary partnership of two or more persons engaged in any particular business adventure of
Any business or organization in which services and goods are exchanged for one another or for money is called business. It can be a for-profit entity or a non-profit organization involved in business activities, such as an agricultural cooperative.