Meaning of the word "pool resources" in English

What does "pool resources" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

pool resources

US /puːl ˈriːsɔːrsɪz/
UK /puːl ˈriːsɔːsɪz/

Phrase

to combine money, efforts, or other assets with others for a common purpose

Example:
The small businesses decided to pool resources to afford a shared marketing campaign.
If we all pool our resources, we can finish this project much faster.