SUPPORTING THE CIRCULAR ECONOMY TO ENSURE SUSTAINABLE ECONOMIC GROWTH

Irina-Elena Chirtoc, Gabriela Busan and Aurelian-Ionutceausescu
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Irina-Elena Chirtoc: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA
Gabriela Busan: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA
Aurelian-Ionutceausescu: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA

Annals - Economy Series, 2020, vol. 6, 84-88

Abstract: Sustainable management of natural resources is one of the major objectives of society. The well-being of the planet depends on the use of these resources. Based on these needs, the circular economy is an economic concept that interacts with sustainability and whose goal is to keep the value of products, materials and resources in the economy for as long as possible and to minimize waste production. The basic principle of the circular economy is the "closing of the life cycle" of goods, services, waste, materials, water and energy. In this paper we aim to bring to the fore the importance of efficient use of resources for sustainable economic growth, starting from the concept of circulating economy. At the same time, we will analyze the main indicators underlying the new economic model supported by the European Union.

Keywords: circular economy; sustainable economy; resource management (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2020:v:6:p:84-88

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