The Depreciation of Basic Plant and the Financing of Its Repair and Modernization

Abstract

The seven-year plan envisages a new large-scale development of the productive forces of our country. The chief condition for its successful completion is the growth of labor productivity through technical progress, a better utilization of basic plant, and improvement in the skills and qualifications of workers and in production organization. One of the most important problems in extensive allround mechanization and automatization will be the organization of high-quality and timely repairs, which to a considerable degree determine the normal flow of the production process. Hence questions relating to further improvement in the organization, planning and financing of repair operations assume great national economic importance.