The Evaluation of Circular Economy in the Slovak Republic Based on Selected Indicators

Vojtech Kollár – Bratislava University of Economics and Management, Furdekova, 16, 851 04, Bratislava, Slovak Republic

Silvia Matúšová – Bratislava University of Economics and Management, Furdekova, 16, 851 04, Bratislava, Slovak Republic

Abstract: At present, we are increasingly aware of the need to move towards a sustainable and ecologically friendly economy. An innovative approach to a sustainable and ecological economy that is gaining in importance is the concept of circular economy. The circular economy is a systemic approach to economic development and a paradigm shift from the traditional concept of the linear economy model “extraction – production – consumption – disposal – depletion”. The circular economy is characterized by zero waste through resource conservation, as a changed concept of production processes design, production process and selected materials for a higher life cycle and preservation of all kinds of resources, material and/or energy recovery during all processes and at the end of the life cycle. The products could be used as an input material in a new production pro­cess in a value chain with a closed cycle of materials that improves efficiency resources, and resource productivity, benefits businesses and society, creates job opportunities and ensures environmental sustainability.

8th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2024 – Conference Proceedings, Hybrid (Zayed University, Dubai, UAE), October 24, 2024

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2024 Conference Proceedings: ISBN 978-86-80194-89-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.