Rated Net Product, an indicator of the volume of output determined according to comparable (stable) standards, reflecting the socio-necessary inputs of living labour to manufacture a unit of output. The newly created value is the economic content of both rated net and net product. Rated net product is determined for all items produced by industrial enterprises at the same time as their wholesale prices are set. Rated net product is a part of the wholesale price of the goods, including wages, social insurance deductions and profits. Rated net products are usually set for the branch. They reflect mean branch inputs of living labour, which are determined according to the procedure established when wholesale prices are set and on the basis of progressive rates of labour intensity. The use of rated net products in planning and evaluating the work of enterprises and associations is designed to 302 stimulate greater efficiency of production and work quality. While more fully and precisely reflecting the results of the efforts of work collectives, rated net products eliminate their interest in the growth of the material intensity of production and facilitate the objective evaluation of the work of the associations and enterprises. The rated net product indicator does not reflect the economising of material inputs. Per worker, it characterises the productivity of living labour, without taking into account the efficiency of embodied labour.