Circular economy – the new way of sustainable development

Abstract

The problem that has existed since the first day of society is limited resources and infinite needs. It is precisely on this problem that economic science is based. The number of people is constantly growing, so the needs and requests are also growing. In such conditions, how do programs effectively use limited resources, what programs make productive translations? In the modern era, when a society of acute consumer tension was formed, developing countries already prefer development models focused on resource conservation when drafting economic development strategies. This is due to the fact that existing resources must be used so as not to deprive future generations of the opportunity to use them. The increase in intensity of consumption of resources and the increase in ecological problems led to the necessity of developing alternative concepts of economic development. We already see that many countries are moving to the concept of "circular economy" when developing their policy of permanent development. What is the "circular economy"? The traditional development model, known as "linear economy", is based on the concept of production, production, consumption and emissions. "Circular economy", on the contrary, represents a new concept that promotes the efficient use of resources, minimization of emissions and support for the use of renewable energy sources. The main goal of the circular economy is to create a sustainable system that can preserve the economic value and usefulness of resources, materials and goods for a long time. In this article, the main characteristics of the circular economy model are considered, which can provide new opportunities for future generations, ensuring a balance between ecological, social and economic factors. The perspectives of applying this model in the countries of the Turkic world, which forms the basis of the development strategy of many countries, are also being explored.