THE IMPORTANCE OF THE IMPLEMENTATION OF A CIRCULAR ECONOMY IN THE UAE'S FASHION INDUSTRY
Ishana Bhatia
Student, CTHS, Sydney, New South Wales, Australia
Abstract
In the modern corporate world, entrepreneurs adopt the linear economy that involves the basic ‘take-make-dispose’ phenomena, leading to increased amounts of air, land and water pollution. Businesses surrender to customer expectations of fast fashion in order to maintain their customer loyalty as rising competition always poses a threat to their market share. As a result, although firms are aware of the negative consequences of the linear economic model, it is often considered extremely beneficial because of its convenience and low cost.
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EPRA International Journal of Environmental Economics, Commerce and Educational Management
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Published on : 2024-07-09
Vol | : | 11 |
Issue | : | 7 |
Month | : | July |
Year | : | 2024 |