POSSIBILITIES FOR APPLYING THE CIRCULAR ECONOMY CONCEPT TO INCREASE THE EFFICIENCY OF NATURAL RESOURCE USE IN THE REGIONAL ECONOMY

The linear "take-make-dispose" economic model is straining regional economies and natural resources. The circular economy, which prioritizes resource retention and waste reduction, presents a promising alternative. This abstract explores the potential of applying circular economy principles to enhance natural resource efficiency in a regional context. We discuss key strategies like extending product lifecycles, promoting repair and reuse, developing innovative recycling technologies, and fostering collaborative consumption models. Implementing these approaches can yield both environmental and economic benefits, creating a more resilient and sustainable regional economy.