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2020, vol. 4, iss. 1, pp. 1-9
Circular economy and sustainable development
aUniveristy of Niš
bUniveristy of Niš, Faculty of Economy

emailmarkovicmilan89@gmail.com, bojan.krstic@eknfak.ni.ac.rs, tamara.radjenovic@eknfak.ni.ac.rs
Project:
The paper is a part of the research financed by the Ministry of Education, Science and Technological Development of the Republic of Serbia.

Abstract
The waste increase and the environmental damage risk are important causes for the emergence of a new economic model that replaces the linear economy. The aim of the research is to point out the importance of the circular economy in a globalized society in which the sustainable development is a highly positioned goal. The importance of the issue stems from the fact that social welfare, apart from the development of production, must also be based on the preservation of health and living environment. The paper demonstrates many economic and social benefits from the implementation of the circular economy principles, as well as, the basic elements of this concept. The main objective is to reduce waste from the existing production cycle through the recycling process.
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article language: English
document type: Original Paper
DOI: 10.5937/ESD2001001M
published in SCIndeks: 02/09/2020

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