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Adhere to the Socialist Principle of Economic Accounting

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  • Tan Hsi

Abstract

Chairman Mao teaches us: "Any economic undertaking in socialist society must pay attention to making the fullest possible use of the labor force and equipment. It must do its utmost to improve labor organization, renovate management, raise labor productivity, and economize as much as possible on manpower and material resources. It must also launch labor emulation and practice economic accounting." (>u>1>/u>) Economic accounting is one of the major contents in the management of socialist enterprises. To do it well is of great importance to a socialist enterprise in its effort to implement the Party's General Line for Building Socialism and carrying out the policy of running the enterprise through diligence and frugality.

Suggested Citation

  • Tan Hsi, 1975. "Adhere to the Socialist Principle of Economic Accounting," Chinese Economy, Taylor & Francis Journals, vol. 9(1), pages 48-53, October.
    • Handle: RePEc:mes:chinec:v:9:y:1975:i:1:p:48-53
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