ИНСТРУМЕНТ КОМПЕНЗАЦИЈЕ У ЈУГОСЛОВЕНСКОМ ПРИВРЕДНОМ СИСТЕМУ
THE INSTRUMENT OF COMPENSATION IN YUGOSLAV ECONOMIC SYSTEM

— The Character of Conditions and Possibilities of Application —

Summary/Abstract: As an instrument of economic policy, the compensation is analyzed from the angle of subjects, namely users thereof, as well as of possibilities of its application. According to relevant constitutional and legal texts, the subjects of compensation are the organizations of associated labour in case of disturbing of equality in the process of acquiring income and disposing of the results of work, as well as the republics and provinces, again in case of disturbance of equality in the unified Yugoslav market. Along these lines, the possibility is offered to the OAL .to use that right two times, firstly in a direct way, as micro-economic subjects, and then indirectly, as a macro-economic subject, through a socio-political community of their location. The author, however opts for -the solution that the user of compensation may be only the direct economic subject, namely the participant in primary distribution. The character of conditions of compensation is reflected in the equality principle which relates, in case of the OAL, to the conditions of economic activity, and in case of the republics and provinces, to their economic position in the unified Yugoslav market. The kinds of subjects, of users of compensation, and the character of conditions for its application depend on the interpretation of the principle of equality. That equality is ensured through the conditions of economic activity on the ground of which the OAL realize their income according to .the size of engaged production factors and techmcal- -technological properties of the economic process. Thus, the equality of OAL in acquiring income and disposing of income is ensured if conditions of economic activity are acting in an equal way, and first of all in, the primary distribution, as well as when they are in the function of the unified development policy. Having in mind the way of establishing the relation in the primary distribution sphere, the subject of compensation may be only the economic grouping, and on that ground the economic subjects within its framework. Compensation should be regulated by means of documents of development policy and made dependent on application of selective measures. In such a way it would be possible to compensate the difference between the realized income and average income of the grouping from the preceding period. . The character of equal position of republics and provinces depends on the functionning of the unified Yugoslav market where that position has to be realized. Since basic conditions are not fulfilled of the systemic and institutional character which are necessary for the constituting of that market, the issue arises as to their equality. Economic equality between the republics and the provinces may be expressed only through economic subjects in their respective .territories, which subjects realize through the results of economic activity the specific level of economic development of socio-political community. Consequently, the equality relates only to economic subjects and not to the socio-political communities; in case of its. disturbance, the compensation is applied as an instrument of development policy for a period which is determined in advance.

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