The level of socio-economic development is determined by many factors, and the monography considers the microfoundations of this order. The increase of the economic activity is an important condition to achieve social welfare and reduce inequalities. And constant improvement of living conditions of present and future generations is possible by keeping right balance between three kinds of capital: economic, human, and natural. The economic policy is a feature of great importance for decisions taken by business entities. The most important goal is a general economic growth, which is to serve the society, and improve the life quality. These are current challenges of open, free market economy, and globalization and liberalization of economic relations.
