collective economy; communal economic system
Tone colorsmāmámǎmàma
Meanings
1 sense · 4 examplesnoun
collective economy; economic system based on collective ownership of means of production and common labor
formalRefers to an economic system where the means of production are owned collectively by a group of laborers, distinct from both private/individual economy and state-owned economy.
Wǒ我
men们
cūn村
shí实
xíng行
le了
jí集
tǐ体
jīng经
jì济
，
dà大
dà大
tí提
gāo高
le了
cūn村
mín民
de的
shōu收
rù入
。
Our village implemented a collective economy, significantly increasing the villagers' income.
Jí集
tǐ体
jīng经
jì济
shì是
shè社
huì会
zhǔ主
yì义
gōng公
yǒu有
zhì制
jīng经
jì济
de的
zhòng重
yào要
zǔ组
chéng成
bù部
fen分
。
The collective economy is an important component of the socialist public ownership economy.
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Yǔ与
guó国
yǒu有
jīng经
jì济
bù不
tóng同
，
jí集
tǐ体
jīng经
jì济
de的
shēng生
chǎn产
zī资
liào料
guī归
bù部
fen分
láo劳
dòng动
zhě者
gòng共
tóng同
suǒ所
yǒu有
。
Unlike the state-owned economy, the means of production in the collective economy are owned collectively by a specific group of laborers.
Tā他
men们
jué决
dìng定
bǎ把
gè个
tǐ体
qǐ企
yè业
zhuǎn转
biàn变
wéi为
jí集
tǐ体
jīng经
jì济
，
yǐ以
shí实
xiàn现
gòng共
tóng同
fù富
yù裕
。
They decided to transform the individual enterprise into a collective economy to achieve common prosperity.