CONCEPTUAL PRINCIPLES OF THE FORMATION OF CIRCULAR CYCLES IN AGRICULTURAL ECONOMIC SYSTEMS

Abstract

The article aims to supplement the methodological principles of the implementation of circular principles in the practical activity of economic entities based on the detailing of the cycles of a closed economic system and the definition of their key characteristics. The research results showed that activating the development of circular processes in the national economy is an objective requirement of the present and future. Based on the systematization of scientific literature, the author’s vision of the main concepts of circular economy development was proposed in the article. Under modern conditions, the concept of a "green" economy and global sustainable development was defined as the most common approach to working out the concepts and mechanisms of implementation into the practice of the circular economy principles. The closed cycle economy should be considered a tool for achieving the goals and objectives of the sustainable development of the national economy and the agro-food production sector. The system of cycles of a closed economy (cycles of closure, cycles of slowing down, and narrowing) was justified based on research on the features and principles of circular economy. According to each cycle of the closed-type economic system, the set of characteristic parameters of the circular economic system is presented here. The main sections of characteristic features of closed cycles were selected in the article: specific features, possible results, and promising priority drivers. Based on the study of various approaches and interpretations of the essence and content of the "circular economy" category, its author’s interpretation is presented. The strategic priorities of the further development of the circular economy, enshrined in the legislative initiatives of the EU countries, are investigated. A brief analysis of the existing regulatory and legal support for forming and stimulating the development of a closed economy in Ukraine has been carried out. The substantiation of the mechanisms and tools for the activation of the spread of the principles of circularity in the field of agro-food production in Ukraine forms the plane of further scientific research and development.