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Association of people who produce goods together and divide the profit according to the work done by the member is called[[1]].

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answer is COLLECTIVISM.

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Detailed Solution

Association of people who produce goods together and divide the profit according to the work done by the member is called collectivism.
The system of collectivization was introduced in the Soviet Union during the First Five Year Plan. The idea was proposed by Joseph Stalin. The system of collectivization aimed to promote the growth of agriculture output for the urban population, supply of raw material for the processing industry, and agricultural export. It was believed that with the replacement of individual farms with collective farms there will be growth in agricultural production.

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Association of people who produce goods together and divide the profit according to the work done by the member is called[[1]].