Publication Details
Abstract
The transition toward a circular economy has become one of the most important directions for improving the efficiency of resource use, reducing environmental pressures, and ensuring sustainable economic development. Unlike the traditional linear economic model, which is based on the extraction of natural resources, production, consumption, and disposal, the circular economy seeks to maintain the value of products, materials, and resources for as long as possible. This approach involves reducing the consumption of primary raw materials, extending product life cycles, increasing reuse and repair, developing recycling systems, and returning secondary raw materials to production processes. Therefore, the circular economy represents not only an environmental concept but also an important economic mechanism for increasing resource productivity and reducing production costs. This article examines the impact of circular economy principles on the efficiency of resource use and identifies the main economic, technological, organizational, and environmental mechanisms through which circular practices contribute to more rational utilization of resources. Particular attention is paid to the relationship between resource productivity, waste reduction, secondary raw material utilization, energy efficiency, innovative technologies, and sustainable production. The study considers how enterprises can improve their economic performance by reducing material losses, minimizing waste generation, introducing resource-saving technologies, and developing closed-loop production systems. The role of digital technologies, industrial symbiosis, eco-design, recycling infrastructure, and responsible consumption in strengthening resource efficiency is also analyzed. The article emphasizes that the implementation of circular economy principles can generate multiple economic effects, including reduction of material and energy costs, lower dependence on imported raw materials, increased competitiveness of enterprises, creation of new markets and employment opportunities, and improvement of investment attractiveness. At the same time, the transition to a circular model requires significant institutional and technological changes, including the development of appropriate legislation, financial incentives, infrastructure for waste collection and recycling, modern production technologies, and effective mechanisms for monitoring resource flows.