communal ownership

Communal ownership refers to a system where resources, property, or assets are owned collectively by a group rather than by individuals. This can apply to land, buildings, or natural resources, where the community shares responsibility for management and decisions concerning the property. Members typically have equal rights and participation in decision-making processes. This approach can promote cooperation, sustainability, and equitable distribution of resources, contrasting with individual ownership, where one person or entity holds exclusive rights. Communal ownership is often seen in cooperative businesses, indigenous land management, and some social movements focused on collective well-being.