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Circular Economy: An Inevitability Issue For The Sustainable Human Civilization

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  • MOHAJAN, Haradhan Kumar

    (Department of Mathematics, Premier University,)

Abstract

Since the start of the Industrial Revolution about 260 years ago, the negative effects from the traditional linear economy (LE) become threat to the stability of the economies and natural ecosystems. Strength of climate change, reduction of environment pollution and integrity of ecosystems are essential issues for survival of the global humanity. According to LE resources for production are easily available and unlimited, and after use wastes are disposable. The circular economy (CE) is an alternative to the LE, where the resources may be used for as long as possible. It tries to capture the value of existing products and materials, and decreases the use of primary materials in industries. The CE is a part of environmental economics and beneficial to the society. It keeps products, components, and materials at their highest utility and maximum value at all times. At present, CE is one of the most focused terms among environmental economic scientists. The aim of this study is the implementation of the sustainable development strategies and the transition from LE towards CE

Suggested Citation

  • MOHAJAN, Haradhan Kumar, 2020. "Circular Economy: An Inevitability Issue For The Sustainable Human Civilization," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 20(3), pages 23-54.
    • Handle: RePEc:ris:sphecs:0366
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    References listed on IDEAS

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    Cited by:

    1. Mohajan, Haradhan, 2021. "Cradle to Cradle is a Sustainable Economic Policy for the Better Future," MPRA Paper 111334, University Library of Munich, Germany, revised 10 Oct 2021.

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    More about this item

    Keywords

    circular economy; economic growth; recycling; reuse; reduction; sustainable development; SWOT analysis;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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