Which social ideology emphasizes collective rather than individual ownership of property and resources?

The emphasis on collective ownership of property and resources characterizes socialism as a social ideology. Socialism advocates for the community or the state to own and manage the means of production and distribution. This ideology is driven by the belief that resources should be shared among all members of society to promote equality and support the welfare of the community as a whole, rather than being concentrated in the hands of a few individuals or private entities.

By prioritizing collective ownership, socialism aims to reduce social inequalities that can arise from capitalist systems, where individual ownership and profit motives often lead to disparities in wealth and access to resources. This foundational principle of socialism stands in contrast to individualism, capitalism, and liberalism, which all place a greater emphasis on personal rights, freedoms, and private ownership.