Reproduction, continuous repetition and uninterrupted renewal of the social process of production. Every type of social reproduction includes the reproduction of material wealth, or the aggregate social product, of labour power and the dominant relations of production. There are two types of reproduction: simple and expanded. In simple reproduction, the process of production is reproduced every year in the same volume; in expanded reproduction it is reproduced in ever increasing volume. The type of reproduction depends on the dominant relations of production. Capitalism is characterised by expanded reproduction whose objective is maximum profits for the capitalist class; this process is regularly interrupted by economic crises. Socialist expanded reproduction is a planned process of the constant renewal and growth of social production, based on the evolution of public ownership of the means of, production and aimed at ensuring well-being and all-round development of all members of society. Expanded reproduction has two forms, extensive and intensive. Extensive reproduction is achieved by employing additional labour and natural resources and using fixed assets and turnover funds while relying on the existing technological base. Intensive reproduction is based on increasing the assets- and power-worker ratios and labour productivity, i. e., through the technological updating of production. There are two types of intensive expanded reproduction: the assets-intensive, when labour productivity is raised by increasing the share of production assets per unit of output, and assets-saving, when the growth of labour productivity is accompanied by economising on material expenditures and, consequently, on production assets per unit of output (see Reproduction, Capitalist; Reproduction, Socialist) .
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