engleski

ADVANTAGES OF THE CIRCULAR ECONOMY FOR SUSTAINABLE DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISE

The concepts of circular economy and sustainability are considered necessary to solve many existing global, environmental and social problems of the modern business world for the development and sustainability of the living community. Since the industrial revolution, the model of linear economy has been known, which has become unsustainable due to the generation of large amounts of waste, and therefore a new model of modern economy, the circular economy, has emerged. The basic ideas of the circular economy are waste elimination, respect for the social, economic and natural environment and conscientious management of business organizations. By applying these principles, the circular economy has proven to be efficient and useful for sustainability, for solving the economic, environmental and social challenges of the modern business world. The circular economy model represents an opportunity for the development of small and medium enterprises that leads to sustainable development and economic progress.

Circular economy, sustainable development, sustainable economic development

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