Use of a circular economy in entrepreneurial business
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Kaunas University of Technology, Department of Economics, Lithuania
Publication date: 2020-08-06
Organizacja i Zarządzanie 2016;68:31-45
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ABSTRACT
The objective of this paper is to evaluate the impact of a circular economy on entrepre-neurial business models and improving resource productivity in industrial business. A literature review and data analysis covers the issues concerning how circular analysis affects business effectiveness and state economy. Moreover, the article analyzes how to measure the effects of circular economy implementation on business and the economy. This article discovers the benefits of circular economy implementation for business and the economy and how it affects waste management. It is necessary to analyze a circular economy as a new economic model to improve waste recycling, becoming less dependent on primary energy and materials inputs, and ultimately being able to regenerate our natural capital. The article studies possible models of some practical aspects of circular economy implementation in entrepreneurial business models. The originality of this work lies in studying waste recycling and as a resource for manufacturing possibilities.