Law of Planned, Balanced Development of the Economy, an economic law of socialism reflecting the objective need to run the entire national economy as an integral whole, in a concerted way, by consciously maintaining a balance between the different types of production in keeping with social requirements. Dominant socialist ownership of the means of production constitutes an objective condition for the possibility and need for society to maintain a constant balance in the economy, first and foremost a correspondence between the structure of the aggregate labour power, the means of production, the social product created and the structure of the developing social requirements. During every given period, socialist society takes account of personal and production requirements, determines the possible extent to which they can be met on the basis of the production resources available, consciously and consistently maintains a balance in the distribution of the means of production and social labour between sectors, regions and enterprises. Aggregate labour time is distributed in this way on a planned basis. Scientific and technical progress and the dynamically growing and changing material and cultural requirements of the members of society demand that this proportion be improved and modified. This leads to a more rational utilisation of live and embodied labour in creating the aggregate social product and to a systematic rise in the efficiency of social production. There are general economic, intersectoral, intra-sectoral, intra-production, territorial and also inter-state proportions taking shape in the economy (see Proportions of Social Production). The fact that society makes conscious use of the law of planned, balanced development of the economy graphically illustrates the active role the socialist state plays in the economy (see Economic Role of the Socialist State). The state elaborates economic development programmes for a more or less extended period, proceeding from the Party guidelines, and evolves a long-term economic strategy, which is embodied in the long-term economic development plans 195 (see Long-Term Planning). In performing its economic functions, the socialist state acts as a "regulator (determining factor) in the distribution of products and the allotment of labour among the members of society" (V. I. Lenin, Collected Works, Vol. 25, p. 472). The international socialist division of labour (see Division of Labour, Socialist international) and the international economic integration of the CMEA member states (see Integration, Economic Socialist) create the conditions necessary for the operation of the law of planned, balanced development worldwide.