Socialist Accumulation, the planned utilisation of part of the national income in socialist society for the development and expansion of the production sphere 329 and the non-production sphere of the socialist economy, also for creating material and financial reserves. Socialist accumulation is the foundation of the growth and expansion of production, the creation of the material and technical base of communism, the full employment of the country’s able-bodied population, and the increasing well-being of the people. The surplus product is the source of this, and it exists in the national income as the accumulation fund. As social production expands and the national income grows, the volume of the accumulation fund increases year by year, while its share in the national income remains practically unchanged. Socialist accumulation is effected first of all in the form of capital investment (see Capital Investment under Socialism) in the economy. Most of the money is invested in expanding the fixed production assets and turnover funds in the sphere of material production, and in non-productive funds— in the sphere of social and cultural development, and housing construction. Unlike capitalist accumulation, which leads to workers being driven out of production, and to growing unemployment, socialist accumulation ensures complete employment for the able-bodied population, and provides the material guarantee for the exercise of the right to work. To this end, certain capital investments are channelled into creating the required number of new jobs in the economy. These are the so-called demographic investments. Socialist accumulation is also expended through raising the technical level of production, and improving the asset-worker ratio. These are called technological investments. The volume of accumulation under socialism is determined by the law of socialist accumulation. In accordance with it socialist accumulation will ensure a steady increase in labour productivity, while maintaining full employment of all the able-bodied population and the maximum possible growth of the real incomes of the working people.