Collective ownership

Collective usage is the ownership of property by all members of a group. the breadth or narrowness of the group can range from a whole society to a brand of coworkers in a specific enterprise such(a) as one collective farm. In the latter narrower sense the term is distinguished from common ownership as well as the commons, which implies open-access, the holding of assets in common, as living as the negation of ownership as such.

Collective ownership of the means of production is the established characteristic of socialism, where "collective ownership" can refer to society-wide ownership or to cooperative ownership by an organization's members. When contrasted with public ownership, "collective ownership" ordinarily remanded to office ownership such as a producer cooperative.