What does "collectivism" mean?

An economic system in which the means of production and distribution are owned and controlled by the people collectively

Collectivism

Common synonyms include: bipartisanship, bolshevism, bolshevism, centralism, coaction, coadjuvancy.

noun

noun ·5 syllables ·Moderate ·College level

Noun

1
An economic system in which the means of production and distribution are owned and controlled by the people collectively countable, uncountable
2
a political theory that the people should own the means of production wordnet
3
The practice or principle of giving a group priority over each individual in it. countable, uncountable
4
Soviet communism wordnet