A circular economy: an analysis of the businesses awareness level in the Baltic Sea Region countries

Circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible. In this way, the life cycle of products is extended. Unlike the traditional linear economic model based on a ‘take-make-consume-throw away’ pattern, a circular economy is based on the notion that all wastes can be considered as valuable resources in an almost closed loop, where products and the materials they contain are highly valued. In practice, it implies reducing waste to a minimum. Examination of the current knowledge and performance on resource efficiency and circular economy of industrial enter…