Business Transformations through the Application
of the Circular Economy
Business Transformations through the Application
of the Circular Economy
Author(s): Teodorina Turlakova
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Circular economy; Business transformations; Innovative economic model
Summary/Abstract: The application of the circular economy contributes to multiplying the effects of business operations. Its influence is taken into account both on the value of products, materials and resources, which is preserved as long as possible in the economic cycle, as well as on the sustainability of production and consumption. In the long term, the effects of a circular economy manifest as a preserved environment, competitiveness in the European market, new jobs, and sustainable growth. At the company level, the circular economy contributes to the development of a new, innovative economic model based on reuse, recycling, repair, redevelopment, reduction of raw material use and landfilling. The report examines the relationship between industrial symbiosis and the circular economy, as well as the business models and benefits of applying the circular economy, primarily to achieve sustainable development.
- Page Range: 253-259
- Page Count: 8
- Publication Year: 2023
- Language: English
- Content File-PDF
