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All Journal Multidiciplinary Output Research for Actual and International Issue (Morfai Journal) INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Redi Yana Kapisa
Sekolah Tinggi Ekonomi Islam Bina Muda Bandung
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Environmental Science Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Social Sciences Other

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BUILDING A SUSTAINABLE FUTURE: A LITERATURE REVIEW ON CIRCULAR ECONOMY IMPLEMENTATION Moh. Yamin Darsyah; Caroline Caroline; Redi Yana Kapisa
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 5 No. 2 (2025): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v5i2.2777

Abstract

The implementation of a circular economy is at the forefront of global efforts to create a sustainable future. The circular economy aims to maximise the efficiency of material and energy flows by replacing the linear 'take, make, dispose' model with one that supports reuse, repair and recycling. This literature review explores the key success factors, key challenges, and potential benefits of implementing a circular economy. The findings show that multi-stakeholder engagement, supportive policies, as well as technological innovation and product design are critical for successful implementation. However, barriers such as limitations in product design, inadequate infrastructure, and lack of public awareness are challenges that must be overcome through cross-sector collaboration. The study also highlights the contribution of the circular economy to the achievement of sustainable development goals, including the creation of new jobs and driving innovation. With an integrative and strategic approach, the circular economy has the potential to be an important step in addressing global environmental challenges.
AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR) IN ENHANCING THE CONSUMER EXPERIENCE IN ECONOMY 5.0 Caroline Caroline; Luckhy Natalia Anastasye Lotte; Redi Yana Kapisa
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 2 No. 1 (2025): JULY
Publisher : CV. Adiba Aisha Amira

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Abstract

Augmented Reality (AR) and Virtual Reality (VR) are innovative technologies that have great potential to improve the consumer experience in the Economy 5.0 era. Through AR and VR, consumers can interact with products and services in a more personal and in-depth way, enabling simulations and virtual experiences that reduce uncertainty and increase trust. In various industries, from retail to education and tourism, AR and VR create a more interactive and engaging environment, enriching the user experience and supporting more informed decisions. The implementation of this technology not only fulfils the practical needs of consumers, but also the emotional and cognitive aspects, supporting the creation of long-term relationships between brands and customers. Thus, AR and VR contribute to a more sustainable and human-centred economic ecosystem, in accordance with the principles of Economy 5.0.
AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR) IN ENHANCING THE CONSUMER EXPERIENCE IN ECONOMY 5.0 Caroline Caroline; Luckhy Natalia Anastasye Lotte; Redi Yana Kapisa
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 7 (2025): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Augmented Reality (AR) and Virtual Reality (VR) are innovative technologies that have great potential to improve the consumer experience in the Economy 5.0 era. Through AR and VR, consumers can interact with products and services in a more personal and in-depth way, enabling simulations and virtual experiences that reduce uncertainty and increase trust. In various industries, from retail to education and tourism, AR and VR create a more interactive and engaging environment, enriching the user experience and supporting more informed decisions. The implementation of this technology not only fulfils the practical needs of consumers, but also the emotional and cognitive aspects, supporting the creation of long-term relationships between brands and customers. Thus, AR and VR contribute to a more sustainable and human-centred economic ecosystem, in accordance with the principles of Economy 5.0.
Co-Authors Caroline Caroline Luckhy Natalia Anastasye Lotte Moh. Yamin Darsyah