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Tag: Circular Economy

The circular economy is an economic model that aims to minimize waste and resource consumption by promoting the efficient use, reuse, and recycling of materials throughout their lifecycle. In contrast to the traditional linear economy, which follows a “take, make, dispose” approach, the circular economy emphasizes designing products and processes that maintain the value of resources for as long as possible. This model seeks to reduce the environmental impact of production and consumption by extending the life of products, repairing and refurbishing items, and recycling materials to create new products, ultimately fostering a closed-loop system. By focusing on resource efficiency, waste reduction, and the sustainable use of natural resources, the circular economy contributes to a more resilient, environmentally responsible, and economically viable future.