Final answer:
Collectivism emphasizes the group's welfare, while objectivism focuses on individual happiness.
Step-by-step explanation:
Collectivism and objectivism are two contrasting philosophies. Collectivism emphasizes the importance of the group or community and prioritizes the welfare of the collective. On the other hand, objectivism focuses on the importance of the individual and prioritizes individual happiness and well-being. These philosophies have distinct differences in their approach to decision-making and the balance between individual and collective welfare.