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Servitization – The Economy of The Future

Author

Listed:
  • Daniela Penkova

    (University of Economics – Varna, Bulgaria)

Abstract

The disturbing process of global warming is due to human activity and more specifically to linear production based on non-renewable energy sources. The need to replace the linear model of production and consumption with circular ones is emphasized by a number of scientific studies and is increasingly being realized at the political level. Within today's economic system, there are alternative forms of organization of production and consumption to the linear economy. In this report, servitization is presented as one of the possible alternatives and the contribution of information technologies to its development and application in practice is considered.

Suggested Citation

  • Daniela Penkova, 2022. "Servitization – The Economy of The Future," Scientific Conference of the Department of General Economic Theory, University of Economics - Varna, issue 1, pages 139-146.
    • Handle: RePEc:vrn:oitcon:y:2022:i:1:p:139-146
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    File URL: https://conference.ue-varna.bg/oit2022/assets/Sbornik_dokladi_OIT_2022.pdf
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    More about this item

    Keywords

    Circular economy; Consumption models; Functional economy; Servitization; Sustainability;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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