Keywords
benefits
industrial economy
rebound effects
sustainable
development
waste management
How to Cite
Abstract
The paper discussed both the benefits and limitations of the circular economy. Furthermore, we discuss that this concept is ambiguously defined.. A circular economy seems to be a satisfactory remedy for expanding environmental pollution and waste overproduction The benefits of the circular economy are believed to ever exist. Conversely, some premises to believe that rebound effects may offset such social benefits have merged in current literature to date by increasing overall consumption or “growing the pie”. We want to check if the circular economy positively contributes to the business model. Therefore, we applied the method of systematic literature review. This paper's value is important since it argues that we must integrate circularity across supply chains rather than limiting them to waste management. Moreover, indicators of the Circular Economy are not yet commonly agreed upon, and data are limited to waste. The paper recommends for further review of the circular concept.
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