Economy
The inhabitants are engaged in agriculture, animal husbandry, poultry, fruit growing, hunting, fishing, viticulture, beekeeping and hand crafts (carpenters, wheelwrights, tub-makers, blacksmiths, bricklayers, roofers, potters, electricians, welders, fitters, car mechanics, car electricians, hairdressers, dressmakers, weavers, embroiderers).
Our ancestors used objects/tools/devices such as: chains, iron pan for baking, iron pad header, iron ash spatula, kneading-through, bucket, vodijer (small bowl for grass scythe grinding stone), distaff, spindle, spindle with ring, winch, flying shuttle, winch, trlica (threshing device which removes the rest of the crushed hemp or linen plant), wooden machine for wet hemp rolling, loom, wooden tub for laundry board, carpenter's ax, wooden plow ...
Since its introduction into wider use: tractors (1964), chainsaws (1964), cereal grain threshing machines (1948), radios (1963), televisions (1968) - with completed electrification, washing machine 1970), cereal grain harvesters, corn harvesters, home telephones (2000), mobile telephones (2002), the Internet, the life of inhabitants became much easier.
Sawmills - mobile circular saws (aran diesel engine) owned by Marko Kovač Stojanović, Sreto Ćurin, Dragan Kunić, Rajko Mudrinić and Predrag Ratković, and sawmills - bansek owned by Zdravko Prodan have accelerated the construction of buildings and other facilities at family homesteads. The only currently in use is at Ratković (in 2021).
A significant momentum was given by the mobile machine - a screw press for the production of raw bricks (owned by Zdravko Prodan), which after drying was baked in a brick furnace for 72 hours. In the Kingdom of Yugoslavia, the village had two shops - owned by Nidžo Aleksić and Rade Đaković. During the FPRY / SFRY, there was one shop, and at the end of the 20th century, another one was opened by Ms Bosa Macura. Since 2015 Jelovac has not any shops. Around two decades at the end of 20th century there were several producers who delivered milk to Banja Luka Dairy. The collecting stations functioned at the homestead of Marko Pilipović, Zdravko Prodan and Željko Vukić. More than two decades the main producer of milk and honey has been Rade Šormaz. For a long time Ribnjak - Restaurant Deleli 'lad (former Zavišić) on the Jelovačka River has been in function, and more recently Ribnjak - Restaurant Radukić on the Mlječanica River, while Restaurant - cafe Bukova Kosa was closed. Konoba Dukat has also been in function (along the right bank of the Mlječanica river) since 2022. Car dealership Asha Auto offers very high-quality used vehiclesCar Seller Asha Auto can offer very good used vehicles.