Collectivism is the political belief that a country's industries and services should be owned and controlled by the state or by all the people in a country. Socialism and communism are both forms of collectivism.
collectivism in British English
(kəˈlɛktɪˌvɪzəm)
noun
1.
the principle of ownership of the means of production, by the state or the people
2.
a social system based on this principle
Derived forms
collectivist (colˈlectivist)
noun
collectivistic (colˌlectiˈvistic)
adjective
collectivism in American English
(kəˈlɛktəˌvɪzəm)
noun
the ownership and control of the means of production and distribution by the people collectively; socialism