Importance of Relational Database Approach to Achieve Circular Economy

Abstract

Since the Industrial Revolution, great improvements in production efficiency have created an important infrastructure for people to consume more and more. The fact that today's industrial economies can produce large quantities of products easily and at low costs, made it possible for the consumer to consume more goods and services with the income they have. Continuously developing financial instruments have also paved the way for individuals to consume without having any financial savings. Adding to all these developments, the abundance of producers in the market and the flexibility of enterprises to enter and exit the market, a competitive environment that appears in favor of consumers has been created. If the current production and consumption approaches and trends are insisted, it is clear that inevitable, sudden and uncontrollable dramatic changes on nature and natural resources will occur in more severe cases. In this context, the circular economy phenomenon, which has started to find its place in the agenda, has been the starting point of this paper. However the circular economy is not easy to achieve because current linear production and consumption habits are the greatest resistance to a cyclical economic transformation. Moreover, there is no platform that offers a holistic perspective, a framework in the management of resource flows. In this study, the circular economy phenomenon is explained in general terms, the obstacles of transition to circular economy are defined and it is tried to express how important the relational database management is in the transition to the circular economy.