Material balance accounting is a form of economic accounting based on balancing inputs with outputs in terms of natural units (expressed in physical quantities as opposed to money). Material balance planning consists of a central planning board specifying a list of inputs required to produce one unit of output and then balancing outputs and inputs so that there is a balance between supply and demand. Material balance planning was utilized to a limited extent in Soviet-style planned economies

Economy of the Soviet Union

The economy of the Union of Soviet Socialist Republics was based on a system of state ownership of the means of production, collective farming, industrial manufacturing and centralized administrative planning...

. Although it never replaced financial calculations, material balances became an established part of Soviet planning.

See also

• Calculation in kind
  Calculation in kind
  Calculation in kind is a type of accounting based on physical magnitudes and physical quantities rather than a common unit of accounting for economic calculation. Calculation in kind, or valueless calculation, is often described as the form of calculation that would supersede monetary calculation...
  
  
• Economic planning
  Economic planning
  Economic planning refers to any directing or planning of economic activity outside the mechanisisms of the market, in an attempt to achieve specific economic or social outcomes. Planning is an economic mechanism for resource allocation and decision-making in contrast with the market mechanism...
  
  
• Socialist economics
  Socialist economics
  Socialist economics are the economic theories and practices of hypothetical and existing socialist economic systems.A socialist economy is based on public ownership or independent cooperative ownership of the means of production, wherein production is carried out to directly produce use-value,...
  
  
• Supply-side economics
  Supply-side economics
  Supply-side economics is a school of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce goods and services, such as lowering income tax and capital gains tax rates, and by allowing greater flexibility by reducing...
  
  
• Planned economy
  Planned economy
  A planned economy is an economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a government agency...