Ecological Entrepreneurship and Sustainable Development

Abstract

The issue of sustainable development applies to all spheres of social life. Current activities in this field endeavour to create comprehensive solutions at all levels, ranging from local to global. Their planning should take into account the coexistence and interaction of the three capitals: economic, social and environmental. This article presents the essence of sustainable development, which seeks to harmonise these capitals. The proposal is to consider them in accordance with the principles of the system approach. It will show that the implementation of this idea requires entrepreneurial activities aimed at rationalising and modernising the economic, social, and ecological subsystems, as well as their integration to achieve synergy. Particular attention is paid to environmental entrepreneurship as a factor in regional development.

Keywords: sustainable development, ecological entrepreneurship, system approach

JEL Classification: O13, Q20, Q32, Q41, R11, M14