Collective Ownership

Collective ownership refers to a system where a group of people collectively owns and manages resources or property, rather than individuals or single entities. This can apply to various contexts, such as cooperatives, community land trusts, or shared enterprises. In collective ownership, decisions are made democratically, and profits or benefits are typically shared among members. This approach aims to promote equality, cooperation, and sustainability, allowing members to have a say in how resources are used while fostering a sense of community and shared responsibility.