Abstract
High growth rates of natural resources consumption in recent years, pollution of the environment contribute to the development of theories regarding the future provision of natural resources on the Earth. Thepurpose of the article is to study the concept of sustainable development and the need for its introductioninto economic activity, definition of ideas influencing the modern concept of the circular economy. The concept of stable development and circular economy is analyzed, common features and differences are defined.It has been established that the circular economy is a prerequisite and driver of the fourth industrial revolution. The basis of the circular economy are closed supply chains. They combine the usual processes of adirect supply chain with reverse logistics processes, ranging from product recovery, disassembly and reuseof individual parts.
Highlights
Statement of the problem and its connection with important scientific and practical tasks
The level of resource consumption is unsustainable, both for the society and for business, which depend on consumption of natural resources under the current linear model of the economy
The implementation of the circular economy in China was described by Peng, Chen, Van, Maine et al Forming of the aims of the research
Summary
High growth rates of natural resources consumption in recent years, pollution of the environment contribute to the development of theories regarding the future provision of natural resources on the Earth. The aim is to study the concept of sustainable development and the need for its introduction into economic activity, the definition of ideas that affect the modern concept of the circular economy. The current socio-economic system is based on the linear economy, "take, make, dispose," the main element of creating value, which is the material flow, which includes only the primary material at the beginning of the value chain This led to the fact that humanity today consumes 1.7 times more than the planet can generate. The concepts of sustainable development and the circular economy are largely similar Both concepts are global in nature, underline the importance of optimal integration of environmental and social aspects with economic progress, emphasize the obligations stipulated by environmental hazards, and emphasize the importance of increasing the participation of the authorities and the public. Hultink have been identifiend eight forms of the relationship of the circular economy and sustainable development (Table 1)
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