aptyalism

/æptiˈɑːlɪzəm/

Definitions

1. noun

A form of socialism in which the means of production and distribution are owned and controlled by the community as a whole, with the goal of promoting social welfare and economic equality.

“The community implemented a system of aptyalism, where everyone contributed to the collective wealth and shared in its benefits equally.”

Synonyms

  • collectivism
  • socialism

Antonyms

  • capitalism
  • individualism