The current state of production, often associated with environmental degradation, has traditionally been addressed through the lens of conventional economics. This approach treats environmental issues as negative externalities, with solutions focusing on identifying optimal remediation costs, efficient environmental tax rates and subsidies, and promoting clean technologies. However, a novel and intriguing alternative to these solutions is the Circular Economy (CE) perspective. This perspective seeks to harness the benefits of material waste and byproduct recycling by fostering intricate interconnections among industries and consumers [1].
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Marco Antonio Marquez Mendoza (2024) studied this question.
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