Definition of Colectivism
Collectivism, the Socialistic doctrine that industry should be
carried on by capital as the joint property of the community.
- Wikipedia
Col*lect"iv*ism (?), n. [Cf. F.
collectivisme.] (Polit. Econ.) The doctrine
that land and capital should be owned by society collectively or
as a whole; communism. W. G. Summer.
- Webster's Unabridged Dictionary (1913)
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The correct Spelling of this word is: Collectivism
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