CIRCULAR ECONOMY AS A PREREQUISITE OF SUSTAINABLE DEVELOPMENT IN THE GLOBAL ENVIRONMENT

Enterprises, which have sustainable development included in their philosophy and strategy, are keeping in mind how they are influencing the environment. Their perception of this issue is in the spirit of creating global social values and a positive effect on their business area. A sustainable business is based on a mutual connection of global issues of environment, the economy and the functioning of society. A circular economy offers certain practical solutions, which are focused on using natural resources, which are limited, streamlining production and decreasing the amount of the waste and its recycling. These attributes are becoming essential parts of the global market, while there is a change of orientation from the traditional perception of economy, connected with a one way linear process, to a circular economy. The goal of a circular economy is to make a stable economic growth of a country and a healthy environment. To reach trust in this system, the society and the individual need enough information about it and a change of their mind-set. Based on some practical examples, we can say that a circular economy has a huge ecological and economical potential for Europe, which will appear in sustainable profit, creating new job opportunities and of course a much higher quality of the environment. This article is dealing with the issues of a circular economy as a prediction of sustainable development in global environment and it gives examples of situations in real-life, about how to deal with these issues.