E3S Web Conf.
Volume 250, 20211st Conference on Traditional and Renewable Energy Sources: Perspectives and Paradigms for the 21st Century (TRESP 2021)
|Number of page(s)||8|
|Section||Sustainable Development and Energy Markets|
|Published online||09 April 2021|
Sustainability of economic systems and business enterprises
North-Caucasus Federal University, Pushkin str.1, Stavropol 355009, Russian Federation
2 North-Caucasus Social institute, Goleneva str. 59A, Stavropol, 355000, Russian Federation
3 Institute of Economics and Law, Academy of Sciences of Abkhazia, Sukhum, Dzizdzaria str. 40, Abkhazia
4 Institute of Economics and Law, Stavropol Branch of RANEPA, Lermontova str. 189, Stavropol, 355002, Russian Federation
* Corresponding author: firstname.lastname@example.org
Our paper analyses the issues of sustainability of economic systems and business enterprise at micro and meso levels. Dynamics are analysed in a global bio-geophysical subsystem linked to the macroeconomic system, the environment and the human economy. The paper proposes a conceptual framework that looks into the compromise between economic growth and sustainability and concludes that both can be achieved if relevant efforts are spent and funds are allocated. Moreover, it analyses the risks and assesses economic and financial stability using the Altman and Altman-Sabato models. In addition, the research addresses the role of the macroeconomic system, the environment and the human economy in the sustainable development of ecosystem functions and its impacts on business enterprises. Our results might become the guidelines for the governments seeking to combine the development of their economic systems with the principles of sustainable development.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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