Abstract:
The cost of economic development refers to the measured calculation of non-reasonable ecological cost, environmental cost and resources cost consumed in the course of economic development. This results from the economic subject's collective irrational conduct in the current economic environment. As a rule, when the economic subject chooses to realize his aims by means of cost advancement and extensive increase manner, his collective irrational conduct will take shape and result in cost of economic development. The cost of economic development is one of the basic issues of sustainable development, which contributes to the theory of sustainable development a totally new economic interpretative framework, that is, cost of economic development-the economic subject's conduct-arrangement of system. Therefore, sustainable development is to develop economy at a low realization cost, which calls for an effective arrangement of system.
