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Development Economic of Natural Resources Compliance with Environmental Requirements

Author

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  • Mihajlovic, Dragan
  • Ilic, Biljana
  • Simonovic, Zoran

Abstract

The environment, that surrounds the whole operation and activities on Earth, is necessary to consider for two reasons. The first aspect is the environmental component, while the second is linked to the economic system and economic component. Modern production must also be treated as a complex ecological-economic system. Ecological system includes elements of the environment that mankind use in activities, processes and adjusts it to meet owen needs. On the other side, the man often produce a lot of unwanted products, which burden the ecosystem. The natural environment is the totality of natural resources, as well as conditions that are closely related to the human society. Human economic activity is any activity of human society, which is the purpose to achieve a greater volume of production, but also the higher profits at the end of the production cycle. In such correlated, economy and ecology come up with conflicting interests. The purpose of the economy is the production volume and higher profit or a greater increase, while the purpose of ecology involves just limited growth and sustainable production in ecosystem for surviving. The paper deals with the sustainable economy of natural resources which are connected with environment, and it also presents a brief overview of some of the basic characteristics of these areas.

Suggested Citation

  • Mihajlovic, Dragan & Ilic, Biljana & Simonovic, Zoran, 2013. "Development Economic of Natural Resources Compliance with Environmental Requirements," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 59(4), December.
  • Handle: RePEc:ags:sereko:289621
    DOI: 10.22004/ag.econ.289621
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    Keywords

    Environmental Economics and Policy;

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