Collective ownership refers to a system where a group of individuals jointly owns and manages resources or property. This model promotes shared responsibility and decision-making, often seen in cooperatives or community land trusts, where the benefits and burdens of ownership are distributed among all members. In collective ownership, the emphasis is on collaboration and mutual benefit rather than individual profit. This approach can foster a sense of community and solidarity, as seen in initiatives like worker cooperatives or housing cooperatives, where members work together to achieve common goals and support one another.