Final answer:
Ecopreneurship is the intersection between entrepreneurship and ecological responsibility, focusing on small-scale, sustainable economic initiatives. It derives principles from Ecological Economics, emphasizing a balance between economic growth and environmental protection to ensure sustainable development for future generations.
Step-by-step explanation:
Ecopreneurship refers to the practice of creating and managing a business that is both economically viable and ecologically responsible. It focuses on the development of small-scale economic initiatives that integrate sustainable resource use. This concept aligns closely with the principles of sustainable development, which emphasizes development that does not deplete natural resources or harm the environment. The field of Ecological Economics provides a theoretical underpinning for ecopreneurship, challenging traditional economic growth models by proposing a steady-state economy that ensures a long-term balance between human activity and natural systems.
The field not only covers the principles of entrepreneurship and business cycles but also incorporates aspects of environmental biology and ecological economics. It argues for production processes that are improved through innovation, technological development, and regulatory intervention to foster economic growth that does not compromise environmental integrity. The goal is to achieve an economy that supports production efficiency and the well-being of the environment, fulfilling the needs of current generations without impairing the ability of future generations to meet their own needs.