Teodorina Turlakova – University of Economics-Varna, Department of Agricultural economics , Knjaz Boris I bul., 77 street number, zip code 9002, Varna, Bulgaria
Keywords:
Circular economy;
Business transformations;
Innovative economic model
Abstract: The application of the circular economy contributes to multiplying the effects of business operations. Its influence is taken into account both on the value of products, materials and resources, which is preserved as long as possible in the economic cycle, as well as on the sustainability of production and consumption. In the long term, the effects of a circular economy manifest as a preserved environment, competitiveness in the European market, new jobs, and sustainable growth. At the company level, the circular economy contributes to the development of a new, innovative economic model based on reuse, recycling, repair, redevelopment, reduction of raw material use and landfilling. The report examines the relationship between industrial symbiosis and the circular economy, as well as the business models and benefits of applying the circular economy, primarily to achieve sustainable development.
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LIMEN Conference
9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023
LIMEN Conference Proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia
LIMEN Conference 2023 Conference Proceedings: ISBN 978-86-80194-78-3, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2023
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Suggested citation
Turlakova, T. (2023). Business Transformations through the Application of the Circular Economy. In V. Bevanda (Ed.), International Scientific-Business Conference – LIMEN 2023: Vol 9. Conference Proceedings (pp. 253-259). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/LIMEN.2023.253
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