The contemporary development of socialist economy is featured not only by high dynamics, but also by essential structural and qualitative changes. The economic policy and the socialist planning in particular tendtowards optimalization of economic growth, then to engage for its proper directions, structure and rythmicality. The every year growing national product ought to be, as it is possible, most suitable and useful for implementation of threefold objective: 1° the better satisfaction with the necessities of population, 2° the quicker modernization of the national economy, and 3° the effective development of the foreign trade as well as the international cooperation.The superiority of a set of social criteria is becoming the general assumption of economic policy. A vision of the future human being and the mature society is determining prospective objectives and aims of the development as well is indicating ways and means for their realization by economic policy.The economic growth is not objective by itself, but has to serve for a comprehensive social advancement. At the same time the factors of social advancement advantageously impact the labour productivity and otherwisethey perform a role of additional stimulatives of the economic growth.The objectives of social advancement should be realized gradually basing on staging patterns of systematic raise of the living standards of the population. A hierarchy and a sequence of satisfaction with the both individual and collective necessities demand a skillful application of the criteria of the economic and social choice. We are using here the principle of social and economic rationality.Hence the factors of social advancement, involving the scientific and technical progress, belang to the fundumatel elements of the present economic and social policy. At the same time objectives and means of modern economic and social advancement are here strictly interlaced.