Final answer:
Husband-wife teams that own a business together are called a Co-partnership, a type of general partnership where both share responsibilities and profits.
Step-by-step explanation:
Husband-wife teams that own a business together are referred to as Co-partnership. In this type of business structure, which falls under the category of a general partnership, both spouses collaborate in running the business, sharing responsibilities, decision-making, and profits. It is a common form of business ownership for married couples, especially in small and family-owned businesses.