2020International Journal of Innovative Technologies in EconomyOpen access

LINEAR ECONOMY AND CIRCULAR ECONOMY - CURRENT STATE ASSESSMENT AND FUTURE VISION

David Gubeladze, Solomon Pavliashvili

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Abstract

Economic Research of Agricultural Activities in Georgia, based on the experience of developed countries, it has become apparent that the key to comprehensive management of economic efficiency is the transition to a circular economy, which implies the creation of an alternative model to the traditional linear economy. In the proposed model, agricultural products will have maximum use in terms of yield, and the remaining agricultural products, given the value of each production cycle, are given the opportunity for new consumption after processing. The purpose of this paper is to present a new model of effective economic management of agricultural production based on the principles of circular economy.

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Economic Research of Agricultural Activities in Georgia, based on the experience of developed countries, it has become apparent that the key to comprehensive management of economic efficiency is the transition to a circular economy, which implies the creation of an alternative model to the traditional linear economy. In the proposed model, agricultural products will have maximum use in terms of yield, and the remaining agricultural products, given the value of each production cycle, are given the opportunity for new consumption after processing. The purpose of this paper is to present a new model of effective economic management of agricultural production based on the principles of circular economy.

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Available abstract

Economic Research of Agricultural Activities in Georgia, based on the experience of developed countries, it has become apparent that the key to comprehensive management of economic efficiency is the transition to a circular economy, which implies the creation of an alternative model to the traditional linear economy. In the proposed model, agricultural products will have maximum use in terms of yield, and the remaining agricultural products, given the value of each production cycle, are given the opportunity for new consumption after processing. The purpose of this paper is to present a new model of effective economic management of agricultural production based on the principles of circular economy.

Key concepts: Circular economy, Agriculture, Production (economics), Consumption (sociology), Economics, Value (mathematics), State (computer science), Yield (engineering)

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