Entry from British & World English dictionary
Ownership of something, typically land or industrial assets, by all members of a group for the mutual benefit of all.
- In fact, it meant the further loss of the land by placing the land, effectively, under individual ownership rather than collective ownership, and enabling it to be on-sold.
- They contradicted his view that the working class must engage in political action to seize state power, and then in the period of the ‘dictatorship of the proletariat’ take all the capitalist enterprises into collective ownership.
- He said as a socialist state, the Constitution stipulates China's economic basis is socialist public ownership and collective ownership.
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