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Which political theory is concerned with collective ownership?

  1. Individualism

  2. Capitalism

  3. Communism

  4. Class conflict

The correct answer is: Communism

The focus on collective ownership distinctly aligns with communism as a political theory. Communism advocates for the abolition of private property and the establishment of a system where resources are owned collectively or by the state. This theory promotes the idea that goods and services should be distributed according to need, rather than being controlled by individuals or corporations, as is seen in capitalist systems. In contrast, individualism emphasizes personal autonomy and private ownership, making it fundamentally opposed to the concept of collective ownership. Capitalism is characterized by private property and market-driven economics, where individuals or businesses own and control resources. Class conflict is a concept that refers to the tensions between different socioeconomic classes, often discussed within the framework of capitalism and communism, but it does not advocate for collective ownership itself. Thus, the identification of communism as the correct answer reflects its core principle of collective ownership within a broader political and economic structure.