Organizational and Economic Principles of Socialist Public Production Management

Abstract

Socialist public production is an integrated complex of production and economic activities that embraces the production, exchange, distribution, and consumption of goods and services required to satisfy the needs of society as a whole and of its individual members. The socioeconomic foundation of socialist public production is the public ownership of the means of production, trans-port, and communications. Banks, the property of the state-run trade establishments, most urban housing, etc., are also state property, i.e., they belong to the entire nation. Collective farms and other cooperative organizations have their own means of production and the required assets. Collective farms are granted the right to free use of the land.