Collectivism refers to the management of state enterprises in a?

  • A mixed economy
  • B co-operative organizations
  • C capitalist economic system
  • D socialist economy
jamb 2020economics

The correct answer is D. socialist economy

Collectivism refers to a political or economic system in which the government owns businesses, land, etc.

It is a society, a culture, or an economy that values groups over individual interests.

This system is often found in a socialist economy, where the state owns and controls major sectors of the economy.

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