International Journal of Social and Education (INJOSEDU)
Vol. 2 No. 5 (2025): MAY

SOCIO-ECONOMIC IMPACTS OF CIRCULAR BUSINESS MODELS: A COMPREHENSIVE LITERATURE REVIEW

Loso Judijanto (IPOSS Jakarta, Indonesia)
Silvia Ekasari (STIE Manajemen Bisnis Indonesia)



Article Info

Publish Date
30 Apr 2025

Abstract

This research aims to explore the social and economic impacts of implementing circular business models through a comprehensive literature review. Circular business models offer solutions to address sustainability challenges, by promoting the principles of recycling, reuse and waste reduction to optimise resources. The review shows that this approach contributes to economic sustainability by creating efficiencies in the value chain, while introducing opportunities for technological innovations that support better resource management. Moreover, from a social perspective, circular business models can create quality jobs, promote community empowerment, and reduce social inequality. However, the implementation of this model faces a number of challenges, such as organisational resistance, large investment needs, and complex policy adaptations. Thus, while the circular business model has great potential for positive impact, it requires cross-sector collaboration for successful implementation.

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Journal Info

Abbrev

INJOSEDU

Publisher

Subject

Description

International Journal of Social and Education (INJOSEDU) is a journal that deals with social, cultural, economic, political and educational issues. Education covers all kinds of fields of education, in the sphere of family, school, and even higher education. The field of education is not confined to ...