collectivized

Example:The Soviet Union collectivized agriculture, leading to widespread economic and social upheaval.

Definition:Agricultural production organized under a collective system, where land and other resources are owned collectively by the community.

Example:During the early 20th century, many European countries experimented with collectivized industries.

Definition:Industries where businesses are owned collectively, often by the employees.

Example:Some small collectivized businesses flourished in the early stages of the socialist movement.

Definition:Businesses owned and operated collectively by a group of people, typically within the same profession or sector.