Circular Economy and Emerging Entrepreneurial Opportunities: A Literature Review


International Research Journal of Economics and Management Studies
© 2025 by IRJEMS
Volume 4  Issue 2
Year of Publication : 2025
Authors : Dr. Ibiba Ambie Georgewill
irjems doi : 10.56472/25835238/IRJEMS-V4I2P120

Citation:

Dr. Ibiba Ambie Georgewill. "Circular Economy and Emerging Entrepreneurial Opportunities: A Literature Review" International Research Journal of Economics and Management Studies, Vol. 4, No. 2, pp. 187-192, 2025.

Abstract:

The Circular Economy (CE) is a revolutionary means of dealing with the sustainability issues of the world through the encouragement of resource efficiency, minimization of waste, and continuous use of materials. This paper explores the opportunities for entrepreneurship under the CE system through the lens of innovative business models, green products, and circular supply chains. It recognizes important drivers, such as growing environmental awareness, regulatory benefits, and advances in technology that promote the acceptance of CE philosophies. Barriers such as financial limitations, low public sensitization, and poor infrastructure hampering the evolution of CE methodologies are also addressed by the review. Through research synthesis, the study emphasizes entrepreneurship's vital position in overcoming hindrances and bringing about innovation for CE industries.

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Keywords:

Circular Economy (CE), Entrepreneurship, Sustainable Development, Resource Efficiency, Waste Reduction.