Principles of Establishing Norms of Payment for Productive Capital
Under the new system of production planning and economic incentives, payment for productive capital is one element in the overall mechanism of controlling socialist enterprises according to the principles of full economic accountability. It should improve the utilization of productive capital by means of establishing a direct dependence between the amount of payments from profit to the budget and the value of this capital; stimulate the optimal distribution of means of production among enterprises; and serve to accumulate part of enterprise profit in the government budget. At the same time, the application of payment for productive capital should not infringe upon the cost accounting interests of normally operating enterprises. Therefore, standardization of that payment must take account of other factors that determine the distribution of profit. In doing this, one must remember that payment for capital is not only an incentive to its improved utilization and an important source of revenue for the budget, but also a factor that must be taken into account when setting prices.
Year of publication: |
1967
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Authors: | Sitarian, S. ; Gusarov, A. ; Senchagov, V. |
Published in: |
Problems of Economic Transition. - M.E. Sharpe, Inc., ISSN 1061-1991. - Vol. 10.1967, 3, p. 26-33
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Publisher: |
M.E. Sharpe, Inc. |
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