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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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