FUNCTIONING AND DEVELOPMENT OF BUSINESS IN CIRCULAR ECONOMY CONDITIONS

Abstract

The paper is devoted to the current issues of the development of the circular economy. The purpose of the research is to analyse the functioning and development of business in the conditions of the circular economy. Special and general methods, namely induction, deduction, comparative analysis, generalization, were developed in the research. Materials of international institutions, Eurostat and Ukrstat became the basis for the research. The principles of implementing the circular economy instead of the linear model are described. The goals and results of the implementation of the circular economy for various business entities are analysed and systematized. The leading global and domestic experiences of implementing circular economy business models are studied. As the main business models of the circular economy, circular supplies, resources recovery, sharing platforms, product life extension and product as a service are chosen. The approaches and system of indicators used to monitor, analyse and evaluate trends in the development of the circular economy are analysed. Leader countries and outsiders in terms of the rate of cyclical use of materials in 2018-2022 have been determined. The areas of waste management in the pre-war period in Ukraine are systematized. The prospective directions for the development of domestic business in the conditions of the circular economy are outlined. It has been proven that the development of infrastructure for the circular economy, such as separate collection of waste, its processing, recycling, points of exchange of goods, etc., is relevant for Ukrainian business. The problems of business functioning and development in the conditions of the circular economy are identified. A list of factors inhibiting the development of the circular economy in Ukraine has been defined, which include hostilities and, accordingly, partly destroyed infrastructure, limited access to certain resources due to the occupation of territories, resistance to changes and the use of a traditional linear model of production and consumption, insufficient financing and the need for investments for the development of the circular economy.