text: of reduced cost by annual output of new technology. Another variety of this effect Is calculated for the whole period of utilization of new technology but always on the basis of annual output. The Integral effect Is determined as a sum of annual economic effects for the whole planned period of new technologY production and utilization. In doing so one takes account of economic dissimilarity of Inputs and outputs carried out and obtained at different moments of time. For this plurpose one uses a corresponding method of reducing costs and output by time factor Just In the same manner as It Is done according to a standard methodology and new technology methodology. The only difference consists In the fact that complex method~logy envisages the use of the same normative utllzed In the calculation of reduced annual costs and not a diminished one recommended by the aforesaid methodologies. To our mind such approach to taking account of time factor opens Its economic essence and content more fully and precisely. The Integral economic effect represents the most Important dynamic characteristic of new technology. It reflects changes tn costs and output at different stages of life span of new technology beginning with the proJect development activities and ending by the use of this produce by customers •. The Integral effect, In Its essence Is a cumulative effect relalzed during the last year of production of new technology. However, there Is another group of tasks (f.l. evaluation of aggregate effect for the national economy as a whole, ministry, amalgamation and so on obtained due to the Introduction of new technology) where It becomes necessary to determine the effect directly for one separatley taken year. In this case It Is not feasible to calculate the Integral effect as various types of newtechnology have different utilization periods, beginning and 
analysis: The text appears to be discussing the economic effects of new technology, specifically the calculation of the integral economic effect and its significance in evaluating the impact of new technology. The language used is technical and focused on economic concepts, suggesting that the text is related to the field of economics or a closely related field.