Advantages of a joint venture

1. Sufficient Resources:Since two or more persons pool their resources, there is  sufficient capital available.

2. Ability and Experience: In joint venture the different venturers may be having  different skills and experience. The benefit of their common wisdom will be available to  the venture.

3. Spreading of Risk: The co-venturers agree to share the profits and losses in a particular  ratio. This implies that the risk is also borne by them in that ratio.

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