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- Title
ИКОНОМИЧЕСКИ ЕФЕКТИ ВЪРХУ БИЗНЕСА ПРИ ПРЕХОДА КЪМ КРЪГОВА ИКОНОМИКА.
- Authors
Карпузова, Мина
- Abstract
The actuality of the topic of the circular economy is dictated by the need to find a solution to contemporary environmental, economic, and social problems. Nowadays, the increased urbanization rate and excessive consumption lead to high levels of pollution, the depletion, and exhaustion of the natural systems and resources, and also affect the world’s economy and the global society. Those are some of the reasons why the current economic linear model is not efficient enough from the economic and environmental perspective and there is an urgent need for a circular transition. The study's main objective is to analyze the circular transition and to provide scientific information on the possible economic effect on European businesses. In order to complete the study’s aim, the researcher has used a deductive approach by collecting primary and secondary data. The paper is divided into three main parts. The first section represents the literature review, where are given the fundamental definitions and characteristics of the concepts of circularity and sustainability. The second part introduces the key economic effects such as increasing profits, developing innovation, creation of new jobs, economic growth, and increasing company competitiveness. The last part examines five case studies in Europe in order to present how the circular model functions in practice. This part is essential because it examines some of the local progress in terms of circular transition and helps to analyze the circular model implementation. In conclusion, the paper outlines general recommendations for the future development of circular economy policies and also for business.
- Subjects
EUROPE; NATURAL resources; ECONOMIC models; CIRCULAR economy; TRIGONOMETRIC functions; URBANIZATION; ECONOMIC expansion
- Publication
Management & Education / Upravlenie i Obrazovanie, 2022, Vol 18, Issue 1, p23
- ISSN
1312-6121
- Publication type
Article