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English definition of “collectivism”

collectivism

noun [U]     /kəˈlektɪvɪzəm/ POLITICS, ECONOMICS
a theory or political system based on the principle that all factories, farms, etc., should be controlled by or for all the people of a country: They believed in industrial collectivism, that industry should be run by the workpeople for the workpeople, through the trade unions. → Compare individualism
(Definition of collectivism noun from the Cambridge Business English Dictionary © Cambridge University Press)
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