To organize something so that it is owned, controlled, or operated by a group or community rather than by individuals (American spelling).
From collective plus the verb-forming suffix -ize (American English). This term parallels the British 'collectivise' and emerged during 20th-century socialist movements.
Interestingly, some modern companies are attempting to 'collectivize' decision-making through flat hierarchies and consensus models—showing the word's ideas persist even in capitalist contexts.
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