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Univerzitet za poslovni inženjering i menadžment , Banja Luka , Bosnia and Herzegovina
The concession is a bilateral legal framework within the Concessionaire, and the Conceding where the concession fee represents the price for the use of natural resources in the entrepreneurial purposes. The right of Conceding arises from the right of ownership or rights to dispose of the resources. The earth is a general good of nature, and as such it represents the startup basis for the usage individual and specific forms of natural resources. Principle of random negotiation obout conditions of use and determination of fees has enabled a wide array of modes of calculation and payment of fees. Free access of negotiation to stimulate an entrepreneurial activity, but because of the unequal bargaining power ultimately alienates fees of its economic value. Practice in RS converges to classical model by applying differential fees which aims to balance regional development. There is not yet developed the practice of applying the investment model that prefers partnership, minimizing risks and prejudice fairer distribution of usefulness. A country that quality issues resolved concessions, in long term can ensure stable development and use of resources to the common welfare of its citizens. Improving the regulation and practice of using natural resources in ways that are stimulating the creation of entrepreneurial climate, will result in higher investment and faster economic growth.
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