Circular Economy Strategies For Resource Efficiency And Sustainable Development In Manufacturing Industries

Abstract

The circular economic strategies are interrelated with those economic activities which help to save resources. This enhances the value of all resources which can be recycled or reused. In modern times several manufacturing industries like the electronics industry, toy industry, furniture and home appliances industries use this economic strategy for organisational development. Refurbishment is another important method which helps to remake the old material as new. This helps to develop sustainable processes of development and reduces the factors which cause environmental degradation. This study has discussed about the effects of circular economic activities on the sustainable development of manufacturing industries.