The Effectiveness and Balance of the National Economy of the USSR

Abstract

The balance of the national economy occupies an important place in planning the process of socialist expanded reproduction, its rates and proportions. Over the course of several decades it has emerged as a system of complementary tables: (1) the balance of production, consumption, and accumulation of the social product (consolidated material balance); (2) the balance of production, distribution, redistribution, and consumption of the social product and national income (consolidated financial balance); (3) balance of labor resources; (4) balances of fixed and working capital as elements of national wealth. These basic tables reflect the social, economic, and branch structures of the national economy and are in turn concretized in a number of partial balances.