Circular Economy
Circular Economy
The circular economy is an economic system that aims to eliminate waste and promote the continual use and reuse of resources. It is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems.
The concept of a circular economy is in contrast to a linear economy, where resources are extracted, used, and discarded. In a circular economy, products and materials are kept in a closed-loop system, where they are continually cycled through production, use, and recovery stages.
Benefits of Circular Economy
- Reduces waste and pollution
- Conserves natural resources
- Creates new job opportunities
- Increases economic resilience
- Promotes sustainable consumption and production patterns
