p Circuit of Production Assets, movement of the value of the socialist enterprises’ funds through the spheres of production and circulation, wherein it successively assumes productive, commodity and money forms:

p H—C(Mp) ...P^Lp (Mp+Mp_n) ... C‘—M’.

The process of value transference and the formation of new value relevant to the turnover is subjected to the interests of society as a whole and assumes the form of accounting socially indispensable spending and the expansion of the mass of products necessary for society. Compared to the circuit of capital, the new feature of the first stage of the fund turnover is the absence of any buying or selling of labour power. Workers are directly involved in production as joint owners of the means of production. The second stage reveals a peculiar character of a merger of labour power and the means of production: the personal and material factors of production are not forms of capital, the direct producers are united by comradely cooperation between equal members of the working collective, who work for themselves and for their society. The third stage results in the delivery of the product to the socialist consumer; at the same time enterprises compensate for the loss of money spent on the used means of production and for remuneration for labour, and establish the economic incentives funds. At every given moment production assets are in all the three functional forms, and turn from the money to the productive form, from the productive to the commodity form, and from the commodity back again to the monetary form. The circuit runs without interruptions if all the stages evolve into each other without delay. Society controls the movement of funds in a planned manner, and establishes the most rational correlation between their components. The continuity of stages and their uninterrupted transformation into each other call for strict fulfilment of plans in all links of the economy.