Which of the following describes a business that combines resources of two or more people?

A business that combines the resources of two or more people is best described as a partnership. This type of business structure is characterized by two or more individuals who agree to operate a business together, sharing both the risks and rewards. In a partnership, each partner contributes capital, skills, or other resources to the business and has a say in its management and operations, aligning their interests in the success of the enterprise.

In contrast, a corporation is a separate legal entity owned by shareholders, which may limit personal liability but operates independently from its owners. A sole trader is an individual who owns and operates the business alone, receiving all profits but also bearing all liabilities. A franchise involves an agreement where a franchisor allows a franchisee to operate a business using its brand and systems; while this may involve sharing resources, it does not constitute a direct partnership among individuals in the traditional sense.

Therefore, a partnership explicitly highlights the collaboration element among two or more individuals pooling their resources to establish and run a business together.