Complex sentence: The word is a contraction of коллекти́вное хозя́йство (kollektivnoye khozyaystvo), suggesting collective farm or collective economy Whereas sovkhoz is a contraction of советское хозяйство (sovetskoye khozyaystvo), suggesting Soviet farm or collective management.
Split into simpler sentences: The word is a contraction of коллекти́вное хозя́йство (kollektivnoye khozyaystvo), suggesting collective farm "or" collective economy. "Whereas sovkhoz is a contraction of советское хозяйство (sovetskoye khozyaystvo), suggesting" Soviet farm "or" collective management.