| Title |
Circular Economy and Ethics of Profit Sharing |
| ID_Doc |
238 |
| Authors |
Gâf-Deac, II; Ciuclea, II; Ciutacu, OT; Gâf-Deac, M; Valeca, CM; Marinescu, IA; Bogdan, AT; Marinescu, CN |
| Title |
Circular Economy and Ethics of Profit Sharing |
| Year |
2016 |
| Published |
|
| DOI |
|
| Abstract |
The so-called circular economy begins to be formalized and widely recognized as the conceptual formulation, as well as strategic and operational path to sustainability of human society. Reintroducing of waste into production-economic ensure substitution of originating natural raw materials, but it is the opportunity of forming new feeds / sub-streams for processing and recovery of materials and energy. Often these new flows / sub-streams are considered secondary and therefore economic results (revenue, profit, benefits, etc.) are shared on subjective alignments, without observing corporate management. Transparency, ethics of profit sharing of the circular economy, respect for stakeholders, avoiding conflicts of interest, etc., are requirements for sustainable modern economic environment. The article presents the original concept of neighborhood decision structures on ethics profit sharing in circular economy. It is proposed to shift consumption from linear to circular economy consumption (circular consumption). Conceptual support for this proposal is described by delimiting the field of ethics profit sharing in decision-making neighborhood structures between linear and nonlinear economies (circular). The authors consider that on this basis it is possible the emergence of new business models in the new circular economy, accompanied by new models of financing sustainable productive economic processes. |
| Author Keywords |
Circular economy; ethics; profit sharing; neighborhood structure; circular consumption |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Conference Proceedings Citation Index - Social Science & Humanities (CPCI-SSH) |
| EID |
WOS:000440625500019 |
| WoS Category |
Green & Sustainable Science & Technology; Regional & Urban Planning |
| Research Area |
Science & Technology - Other Topics; Public Administration |
| PDF |
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