Economic Sustainability as a Basis for Circular Economy: Economic Growth and Reduction of Environmental Pollution

Economic sustainability is a key component of the circular economy, which focuses on balancing economic growth with environmental and social responsibility. The development of a circular economy promotes long-term financial stability and resource efficiency. Stimulating economic growth requires intensive use of environmental resources. In addition, the manufacturing process generates many by-products in the form of waste, which contributes to the production and emissions of greenhouse gases that degrade the environment. The processes of recycling waste from resource use, including the negative effects of increasing soil, water and air pollution, create a serious burden on the environment from economic activity. In this regard, the transition to a circular economy represents a new model of production and consumption that ensures sustainable growth over time. The transition to a circular economy is a new model of production and consumption that ensures sustainable growth over time. The circular economy ensures the optimized use of resources, characterized by a reduction in the primary consumption of raw materials and the use of waste through recycling.