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Collectivism

1911 Encyclopedia Britannica

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a term used to denote the economic principle of the ownership by a community of all the means of production in order to secure to the people collectively an equitable distribution of the produce of their associated labour. Though often used in a narrow sense to express the economic basis of Socialism, the latter term is so generally employed in the same sense that collectivism is best discussed in connexion with it (see Socialism).