Material balance planning
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Material balances are accounts where natural units and material supplies, as opposed to money, are accounted for and used in a material balance plan. Material balance planning is a system where a planning agency balances a list of material inputs with a outputs as to achieve a balance between supply and demand, specifying a list of inputs required to produce one unit of output and then balancing the two and formulating it into a plan for the national economy.
Material balance planning was utilized in Soviet-type planned economies and was the major function of Gosplan in the Soviet Union. Although it never completely replaced financial calculations, material balances became an established part of Soviet planning.
- Analysis of Soviet-type economic planning
- Calculation in kind
- Economic planning
- Material Product System
- Planned economy
- Socialist economics
- Supply-side economics
- Comparing Economic Systems in the Twenty-First Century, 2003, by Gregory and Stuart. ISBN 0-618-26181-8. "Material Balance Planning", (P.127)
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