“…CE which was introduced by Peace and Turner (1990) can be considered as a new concept, which led to a rising discussion on whether CE can be truly implemented and still become beneficial for business while also having a positive impact on the environment. Some researchers argues that CE has a relationship with the growing economy in a country (Browne et al, 2009;Aid et al, 2016;Lieder & Rashid, 2016;Cucchiella et al, 2017;Hysa et al, 2020;) whereas others found that the impact of CE on economic, social, and environment are still lack in evidence (Hobson & Lynch, 2016;Velis, 2018;Donati et al, 2020;Lekan & Rogers, 2020;Lindgreen et al, 2020). Others researchers also adds that CE trade-offs that is linked with resource scarcity and climate change are still insufficient (Bleischwitz & Miedzinski, 2017;Lehmann et al, 2018;Giampietro, 2019;Schroeder et al, 2019;Campbell-Johnston et al, 2020).…”