CIRCULAR ECONOMY AND ITS RESTRICTION

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. Surprisingly, there is some evidence to believe that rebound effects can diminish these types of social benefits addressed in current literature by leading to increased resource consumption. 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.