How a "green" economy is formed

Authors

  • T. Lachkepiani
  • D. Baidauri
  • M. Kiladze

Abstract

The “green” economy is a model of economic development based on sustainable development and ecological economics.

It differs from other branches of economics in that it directly assesses the country’s natural capital, which has economic value. It creates jobs, ensures real, sustainable economic development, reduces environmental pollution, prevents the risk of resource depletion, and stimulates and motivates businesses to produce green products and their types. It is considered a component of economic theory when it is considered part of ecosystems. According to classical economics, the green economy is not considered independently, but as a component of science.

Author Biographies

T. Lachkepiani

Academic Doctor of Economics

D. Baidauri

Academic Doctor of Business Administration

M. Kiladze

Academic Doctor of Engineering Sciences

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Published

2016-03-31

How to Cite

Lachkepiani, T. ., Baidauri, D. ., & Kiladze, M. . (2016). How a "green" economy is formed. Business and Legislation, 9(1), 35–37. Retrieved from https://ojs.b-k.ge/index.php/bk/article/view/111