Characteristic differences of functioning of linear and circular models of economy

Abstract

The article identifies characteristic differences in the functioning of the linear and circular economy. The necessity of replacing the existing linear model of the economy, which is based on the principle of "produce - use - utilize" with a circular one, the basic principle of which is the 3R approach - "reduce, reuse, recycle". The consequences in both the short and long term of the continuation of functioning of the linear model of the economy are revealed. The genesis of the concept of circular economy formation, in particular the concept of efficiency economy, biomimicry, industrial ecology, blue economy is investigated. Characteristic differences between linear and circular economy, as well as between ecoefficiency and rethought eco-efficiency are determined. SWOT-analysis of the implementation of the circular model of the economy was conducted. The advantages of the transition from a linear to a circular economy are identified, simultaneously the barriers to the transformation of the world economy to a circular economy model are highlighted.