Abstract: The purpose of this study is to examine theoretical and conceptual frameworks of sustainable development. The urgent necessity of creation of sustainable development concept had been determined. Key policy goals of sustainable development had been defined. Differentiation of sustainability between strong and weak one had been substantiated. It had been considered that methodological basis of a modern economic mechanism of sustainability should be based on conservative or progressive changes approaches and four groups of factors had been determined like dominants of economic mechanism. Functioning of mechanism and factors of sustainable development had been examined via its integral interaction and the main features. It had been elucidated that different approaches of sustainable development measuring belonged to macro level. The essential features of indicators measuring sustainable development had been observed. It had been proposed to measure the level of sustainable development via. The sustainable development index taking into consideration economic, social and environmental elements of sustainability where the key role belonged to ecological index. Countries of the world according to the sustainable development index had been classified. The level of Ukraine sustainable development had been analysed. To achieve sustainable development the measures had been proposed for Ukraine.
O.O. Babytska, T.V. Prykhodko, V.V. Yarova and S.I. Vasylishyn, 2017. The Essence of Sustainable Development and its Measuring via Three-Dimensional System of Indicators. Research Journal of Applied Sciences, 12: 104-113.