Abstract
Planned pricing is a very important tool for implementing the CPSU's economic policy. Success in the implementation of measures to improve the economic mechanism and to bolster its impact on increasing the effectiveness of the economy of developed socialist society depends largely on the quality of pricing. Price planning—price setting in the stage preceding design and production—facilitates the most rational economic decisions, the proper distribution of resources among various spheres and branches of production, and production in a volume and mix corresponding to social needs articulated in five-year and long-range plans.
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