Concept:The idea of a system where the community collectively owns land and natural resources is known as communalism.
Explanation:The statement describes a social, political and economic setup based on shared ownership.
In this arrangement, land and natural resources belong to the entire community, not to individuals.
It also places greater value on the common good than on private profit.
Federalism is about the sharing of power between levels of government, not ownership of property.
Liberalism emphasises individual rights and private property, so it does not match the description.
Feudalism is based on land being held by lords and worked by peasants, which is not collective ownership.
Thus, the correct term for such a system is communalism.
Answer:C. Communalism