The Circular Economy and SMEs (Routledge Focus on Economics and Finance)

Circularity is a practice that not only increases efficient industry performance but it focuses on resource management, waste reduction, innovation, stakeholder engagement, and operational excellence, also contribute to sustainable business and enhanced competitiveness. This book focuses on the concept of the circular economy with particular emphasis on small and medium-sized enterprises.It defines circularity and the circular economy and investigates the development of the circularity concept as an important tool for a sustainable future.It contends that circularity promotes sustainability when products are designed to last longer, reducing the need for frequent replacement.As a result, economic development becomes more sustainable, fostering new jobs and industries centered on the approaches of rethink, reduce, reuse, repair, refurbish, remanufacture, repurpose, recycle, and recover.It illustrates how the circular economy functions via case studies from the jewelry, fashion, plastics