CIRCULAR ECONOMY: DEFINITION, POSITIVE AND NEGATIVE SIDES
Abstract
The circular economy (CE) is a regenerative framework where resources are constantly recycled and repurposed. The circular economy emphasizes sustainability by promoting the reuse, recycling and regeneration of materials. This article explores the positives and negatives of a closed and circular economy. They show that overcoming the constraints is possible through coordinated efforts, innovation and a shared commitment to sustainability. Government strategies that promote circularity, combined with industry initiatives, will play a critical role in driving this change. As we stand at the intersection of economic, environmental and social challenges, the standards of a closed loop economy offer a guide to a more sustainable and challenging future. The integration of positive and negative points of view emphasizes the requirement of a reasonable and universal methodology. By acknowledging subtleties, encouraging coordinated efforts, and fostering innovation, social orders can explore the path to circularity by understanding commitment to a regenerative and integrated economic model. The transition to a circular economy is not just an economic goal; it is a shared responsibility to protect our planet and ensure prosperity long into the future.” This article is devoted to the analysis of the definition of the circular economy, positive and negative sides, and the difficulties that are inherent in the closed economy and the economy of a closed cycle. An attempt has been made through the complex interaction between economic practice and natural consequences to gain a full understanding of the standards of the circular economy. This article uses a systematic literature review methodology to gather and study relevant data. A combination of scholarly data sets, journals, and authoritative sources was recommended to ensure a far-reaching outline of the topic. The rules of identification focused on the recency, plausibility and importance of the sources. In addition, key themes and examples were identified through a subjective literature review. The used research methodology guarantees a thorough and confirmed study of a closed and closed economy.
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