The development of a circular economy is a topical issue that promotes competitiveness, contributing to economic growth, thus providing consumers with more innovative products with longer shelf life. It also creates significant savings, innovative benefits, jobs and opportunities for more efficient use of resources. The goal of the circular economy is based on the concept of a positive material circle that is directed towards the reuse, repair and recycling of existing materials and products where SMEs are particularly active, creating business opportunities and attracting private financing.
The paper presents the model of a circular economy, namely its origin, schools, expected benefits, problems it faces in implementing the model, examples of good practices, advantages and obstacles. Statistics on the amount of waste in Slovenia and the economic behavior of companies with their processing are presented. Examples of good practices in companies that have introduced economical waste management in their business processes are evidence that with different waste management options and the concept of circular operation, profits can be increased and savings in raw materials. The purpose of the paper is to present the development and influence of the circular economy on the economic benefits in Slovenia and the method of comparative analysis of good practices of other countries, in particular with Denmark, to describe the reasons why Denmark is more effective in implementing a circular economy than Slovenia.
This work helps to understand the concept of a circular economy, to manage resource efficiently and to provide a solution to achieve a more sustainable system. Through the concept of a circular economy, we can explore that the circular economy contributes to more efficient use of resources and economic benefits, creates a competitive advantage for the development of new technologies and services, and provides greater efficiency and cost savings and energy.
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