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SM ISO690:2012 PERCIUN, Rodica, IORDACHI, Victoria, ŞAVGA, Larisa. Innovative business models of the circular economy. In: Accounting and Finance – the global languages in business, Ed. 5, 24 aprilie 2020, Pitesti. Pitesti: 2020, Ediția 5, pp. 13-14. |
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Accounting and Finance – the global languages in business Ediția 5, 2020 |
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Conferința "Accounting and Finance – the global languages in business" 5, Pitesti, Romania, 24 aprilie 2020 | ||||||
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Pag. 13-14 | ||||||
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The circular economy is a relatively new term at the European level, although it has been widely used in recent years. In fact, the transition to a circular economy is a fundamental transformation of the current economic model. The current economic model is more based on consumption than on the use of resources, and involves an abundance of natural resources. In the circular economy, the value of products, materials and resources is kept for as long as possible, and waste production is minimized. That is why the transition to the circular economy has gained special attention, being on the agenda of public authorities, of the business environment, research institutes etc. The concept of circular economy has experienced a development through the active involvement of all stakeholders. Thus, according to Kirchherr et al. in the specialty literature there are over 100 definitions regarding the circular economy, concentrated around the key concepts such as: sustainable development, the framework of the 4R (Reduce, Reuse, Recycle, Recover), systemic approach (micro, mezo, macro), waste hierarchy. In this context the question arises which are business models that can replace the old models used in the linear economy? The Circular business models are a generic term for a wide variety of business models that seek to use fewer materials and resources to produce products and / or services; extending the life of existing products and / or services through repair and restoration; completing the life cycle of products through processing, capitalizing on the residual The circular economy is a relatively new term at the European level, although it has been widely used in recent years. In fact, the transition to a circular economy is a fundamental transformation of the current economic model. The current economic model is more based on consumption than on the use of resources, and involves an abundance of natural resources. In the circular economy, the value of products, materials and resources is kept for as long as possible, and waste production is minimized. That is why the transition to the circular economy has gained special attention, being on the agenda of public authorities, of the business environment, research institutes etc. The concept of circular economy has experienced a development through the active involvement of all stakeholders. Thus, according to Kirchherr et al. in the specialty literature there are over 100 definitions regarding the circular economy, concentrated around the key concepts such as: sustainable development, the framework of the 4R (Reduce, Reuse, Recycle, Recover), systemic approach (micro, mezo, macro), waste hierarchy. In this context the question arises which are business models that can replace the old models used in the linear economy? The Circular business models are a generic term for a wide variety of business models that seek to use fewer materials and resources to produce products and / or services; extending the life of existing products and / or services through repair and restoration; completing the life cycle of products through processing, capitalizing on the residual |
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