The Organisation of the Monetary turnover and Settlements in the Socialist Economy/تنظيم الدورة النقدية والتسويات في الاقتصاد الاشتراكي

Organization of Monetary Turnover and Settlements in the Socialist Economy.Monetary settlements in the socialist economy are divided into two main categories: Non-cash settlements within the socialist sector: These are primarily executed through bank account transfers without the use of cash. Cash s...

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Autor principal: Pedorowicz, Z.
Formato: Livro
Publicado em: INP 2024
Acesso em linha:http://repository.inp.edu.eg//handle/123456789/5705
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Resumo:Organization of Monetary Turnover and Settlements in the Socialist Economy.Monetary settlements in the socialist economy are divided into two main categories: Non-cash settlements within the socialist sector: These are primarily executed through bank account transfers without the use of cash. Cash settlements between the socialist and private sectors: These involve transactions between socialist economic units and individuals, private producers, or dealers. In socialist economies, the private sector is usually limited to individual consumers, but in transitional economies between capitalism and socialism, it may include private producers and dealers. These settlements are strictly controlled to ensure fair distribution of income, goods, and services. Most transactions within the socialist sector are cashless, except for very small payments. Conversely, transactions with the private sector are conducted in cash. This system is designed to control income distribution, individual consumption, and financial relations between the socialist and private sectors.