WordReference Random House Learner's Dictionary of American English © 2015
col•lec•tiv•ism /kəˈlɛktəˌvɪzəm/USA pronunciation n. [uncountable]

    Governmentthe socialist principle or system of control by which the people collectively, or the state, are in charge of all means of production or economic activity.
col•lec•tiv•ist,n. [countable],adj. 

Collins Concise English Dictionary © HarperCollins Publishers::

collectivism /kəˈlɛktɪˌvɪzəm/ n
  1. the principle of ownership of the means of production, by the state or the people

colˈlectivist n colˌlectiˈvistic adj

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