ECONOMIC PERSPECTIVES ON THE CONFLUENCE OF LINEARITY WITH CIRCULARITY

Abstract

In the specialty literature and in recent legislation, a new concept has emerged, called circular economy. It is the answer to the challenges of the contemporary world, where the planet's natural resources are limited and the devastating effects of pollution and global warming are being felt. In the circular economy model, used products are shared, reused, repaired or recycled, thus being recovered, in contrast to the classic economy model, where they become waste. The paper follows the perspective of the transition between the two economic models, conceptually and legislatively, respectively the implications, advantages, legislative measures implemented and their echo.