Collectivism refers to the management of state enterprises in a?
Answer Details
Collectivism refers to the management of state enterprises in a socialist economy. In this type of economy, the means of production are owned and controlled by the state or by the people collectively, rather than by individuals or corporations. This is done in an effort to reduce social and economic inequality, and to provide equal access to goods and services for everyone in society. In a collectivist economy, the state manages key industries, such as healthcare, education, and transportation, to ensure that everyone has access to these necessities.