The Economic Effectiveness of Capital Investments

One of the most important economic and political problems of the five-year plan for 1965-1970 is raising the effectiveness of production on the basis of technical progress, improving the organization of labor, making better use of productive funds* and capital investments, raising the quality of output, and implementing the most severe regime of economy. The realization of these measures and the concentration of labor, material, and monetary resources in the major directions of scientific and technical development will allow an increase in the rates of growth of labor productivity and of profitability* in production. The acuteness of this problem is strengthened by the fact that the level of effectiveness of social production which has been achieved far from corresponds to the objective possibilities and needs of the development of socialist society at the present stage.