The term collectivism embraces communism and socialism and similar philosophies on the left side of the political or economic spectrum. true / false.

True              

Explanation:

Collectivism: The term collectivism is referred to as one of the political theory which is based on communism. It aims at the idea that an individual should give priority to society's good over a person's welfare. The collectivism has put a particular group before considering an individual.

Example: Culture.

In other words, collectivism is defined as the phenomenon in which a particular culture gives more attention to community and family over an individual.

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