The concept of circular economy and the sustainability paradigm
DOI:
https://doi.org/10.71159/bizinfo260008MKeywords:
circular economy, sustainable development, sustainability, circular business modelsAbstract
The circular economy (CE) represents a regenerative production model aimed at reducing resource consumption, waste generation, emissions, and energy losses through the closing of material and energy loops. Although the concepts of sustainability and CE have gained increasing attention in academia, industry, and policymaking, their interrelationship is often insufficiently clarified. The aim of this paper is to contribute to a clearer conceptual understanding of the relationship between sustainability and the circular economy, while highlighting the role of innovative business models in supporting its implementation. The paper analyzes the environmental, economic, and social impacts of six representative circular business models. The findings indicate that CE integrates sustainability principles with technological innovation and novel business approaches, contributing to more efficient natural capital management and the achievement of sustainable development goals.
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