Scientific works within the theories of funds and credit score, in line with the specification of the analysis object, are characterised to be many-sided and many-leveled.
The definition of totality of the economical relations shaped within the strategy of formation, distribution and utilization of funds, as cash sources is broadly unfold. For instance, in “the final principle of funds” there are two definitions of funds:
1) “…Funds mirror economical relations, formation of the funds of cash sources, within the strategy of distribution and redistribution of nationwide receipts in line with the distribution and utilization”. This definition is given comparatively to the situations of Capitalism, when cash-commodity relations achieve common character;
2) “Funds characterize the formation of centralized advert decentralized cash sources, economical relations comparatively with the distribution and utilization, which serve for success of the state capabilities and obligations and in addition provision of the situations of the widened additional manufacturing”. This definition is introduced with out exhibiting the surroundings of its motion. We share partly such clarification of funds and suppose expedient to make some specification.
First, funds overcome the bounds of distribution and redistribution service of the nationwide revenue, although it’s a fundamental basis of funds. Additionally, formation and utilization of the depreciation fund which is the a part of monetary area, belongs to not the distribution and redistribution of the nationwide revenue (of newly shaped worth throughout a yr), however to the distribution of already developed worth.
This newest first seems to be part of worth of primary industrial funds, later it’s moved to the fee value of a prepared product (that’s to the worth too) and after its realization, and it’s set the melancholy fund. Its supply is taken into consideration earlier than hand as a melancholy variety within the consistence of the prepared merchandise price value.
Second, primary purpose of funds is far wider then “success of the state capabilities and obligations and provision of situations for the widened additional manufacturing”. Funds exist on the state degree and in addition on the manufactures and branches’ degree too, and in such situations, when essentially the most a part of the manufactures should not state.
V. M. Rodionova has a distinct place about this topic: “actual formation of the monetary sources begins on the stage of distribution, when the worth is realized and concrete economical types of the realized worth are separated from the consistence of the revenue”. V. M. Rodionova makes an accent of funds, as distributing relations, when D. S. Moliakov underlines industrial basis of funds. Although each of them give fairly substantiate dialogue of funds, as a system of formation, distribution and utilization of the funds of cash sources, that comes out of the next definition of the funds: “monetary money relations, which varieties within the strategy of distribution and redistribution of the partial worth of the nationwide wealth and whole social product, is expounded with the themes of the economic system and formation and utilization of the state money incomes and financial savings within the widened additional manufacturing, within the materials stimulation of the employees for satisfaction of the society social and different requests risk“.
Within the manuals of the political economic system we meet with the next definitions of funds:
“Funds of the socialistic state characterize economical (money) relations, with the assistance of which, in the way in which of deliberate distribution of the incomes and financial savings the funds of cash sources of the state and socialistic manufactures are shaped for guaranteeing the expansion of the manufacturing, rising the fabric and cultural degree of the folks and for satisfying different basic society requests”.
“The system of creation and utilization of obligatory funds of money sources for guarantying socialistic widened additional manufacturing characterize precisely the funds of the socialistic society. And the totality of economical relations arisen between state, manufactures and organizations, branches, areas and separate citizen in line with the motion of money funds make monetary relations”.
As we have seen, definitions of funds made by financiers and political economists don’t differ tremendously.