A group of persons that agrees to pool its resources to achieve a particular objective is known as?

A group of persons that agrees to pool its resources to achieve a particular objective is known as a "consortium." This is a group of companies or individuals who come together to achieve a common goal by pooling their resources, expertise, and/or finances. The members of a consortium work together to achieve a specific objective, such as developing a new product or service, bidding for a large contract, or conducting research. The members of a consortium typically retain their independence, but work together in a coordinated and collaborative way to achieve the shared goal.