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Home»Economics»Circular Economy | NIST
Economics

Circular Economy | NIST

By CharlotteJuly 2, 20261 Min Read
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Assembly Plant

Photo Credit: The Chrysler 200 Factory Tour, an interactive online experience using Google Maps Business View technology, takes consumers inside the new 5-million-square-foot Sterling Heights Assembly Plant for a behind-the-scenes peek at how the 2015 Chrysler 200 is built.

An unsustainable economy (i.e., an economy that expends limited effort to preserve resources) is, typically, a result of decisions made by individuals and firms from their stakeholder perspective. It develops primarily as a result of a misalignment of incentives where those that bear the costs of increased sustainability do not receive commensurate benefits. Successful solutions to this problem will tend to alter the economy to align individual or business interests to that of society.  Alternatively, successful solutions might mitigate negative outcomes. The Applied Economics Office has investigated multiple subjects within the area of circular economy, including the following:

Recycling Image

Credit:

Image by Shirley Hirst from Pixabay

 

 



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