THE CIRCULAR ECONOMY AS A NEW APPROACH FOR SAVING THE ENVIRONMENT AND RAISING THE LEVEL OF WELFARE

Abstract

Since the industrial revolution, the total amount of waste has constantly grown as economic growth has been based on a ‘take-make-consume dispose’ model. This linear model assumes that resources are abundant, available, and cheap to dispose of. But this approach had led to harmful effects and problems both economically and environmentally, which are threatening the future of humanity. For this reason the circular economy was born to bring environmental and economical even if societal solutions. Based on what we have mentioned above, this paper aims to clarify the concept of circular economy, and taking a look on what is expected from this new economic model, where it’s working for answering the dilemma “How can the circular economy contributing in protecting the environment from wastes?”, through the analytic descriptive approach by taking a look on the DSM Company which bases on this new model.