Enhance Your Learning with Economics - Circular Economy Flash Cards for quick learning
An economic system that aims to minimize waste and maximize the use of resources by designing products, services, and systems that promote reuse, recycling, and regeneration.
The three key principles of circular economy, emphasizing the importance of reducing consumption, reusing products, and recycling materials to minimize waste and resource depletion.
A system in which resources are continuously reused, recycled, or regenerated, creating a circular flow of materials and minimizing the need for extraction of new resources.
The practice of extending the lifespan of products through repair, refurbishment, and maintenance, reducing the need for new production and minimizing waste.
The process of restoring used products to their original condition, often with improved performance, to be sold again, reducing the demand for new products and minimizing waste.
The process of extracting valuable resources from waste materials through recycling, composting, or other methods, reducing the need for virgin resources and minimizing waste.
A collaborative approach where different industries exchange by-products, waste materials, and energy to create mutual benefits, reducing waste and promoting resource efficiency.
A design concept that aims to create products that can be fully recycled or biodegraded at the end of their life cycle, eliminating the concept of waste and promoting circularity.
Supply chains that prioritize circular economy principles, focusing on reducing waste, promoting reuse and recycling, and ensuring the efficient use of resources throughout the entire value chain.
Business models that integrate circular economy principles, such as product-as-a-service, sharing economy, and leasing, to maximize resource efficiency and minimize waste.
The practice of designing products, services, and systems with environmental considerations in mind, aiming to minimize their environmental impact throughout their life cycle.
The process of selecting suppliers and products based on their environmental performance, considering factors such as resource efficiency, recyclability, and sustainability.
A ranking of waste management options in order of their environmental impact, with prevention being the most desirable, followed by minimization, reuse, recycling, energy recovery, and disposal as the least desirable.
A policy approach that holds manufacturers responsible for the entire life cycle of their products, including their disposal, encouraging them to design for durability, recyclability, and resource efficiency.
Metrics and measurements used to assess the progress and impact of circular economy initiatives, such as resource productivity, material circularity, and waste generation.
The process of shifting from a linear economy to a circular economy, involving changes in production, consumption, waste management, and policy frameworks.
The relationship between circular economy and climate change, with circular practices reducing greenhouse gas emissions, resource extraction, and energy consumption.
The consideration of social aspects, such as job creation, fair distribution of resources, and community engagement, in the implementation of circular economy strategies.
The role of innovation in driving circular economy solutions, such as new technologies, business models, and design approaches that enable resource efficiency and waste reduction.
The alignment of circular economy principles with the United Nations Sustainable Development Goals, particularly goals related to responsible consumption and production, climate action, and sustainable cities and communities.
The potential of circular economy to drive economic growth through job creation, innovation, and resource efficiency, while reducing environmental impacts and promoting sustainability.
The role of circular economy in transforming waste management systems, shifting from linear disposal-oriented approaches to circular resource recovery and recycling.
The focus on optimizing resource use and minimizing waste in a circular economy, aiming to decouple economic growth from resource consumption and environmental degradation.
The integration of circular economy principles in the transition to a renewable energy system, promoting energy efficiency, renewable energy generation, and circular energy systems.
The consideration of circular economy principles in water management, aiming to reduce water consumption, promote water reuse and recycling, and minimize water pollution.
The application of circular economy principles in the food system, focusing on reducing food waste, promoting sustainable agriculture, and closing nutrient loops.
The transformation of the fashion industry towards circularity, through initiatives such as sustainable materials, recycling programs, and circular business models.
The shift towards circularity in the electronics industry, promoting product repair, recycling of electronic waste, and design for longevity and recyclability.
The adoption of circular economy principles in the construction sector, focusing on resource-efficient building materials, modular construction, and construction waste recycling.
The integration of circular economy principles in the mobility sector, promoting sustainable transportation, electric vehicles, and resource-efficient mobility solutions.
The management of plastic waste through circular economy approaches, such as recycling, reuse, and design for recyclability, to reduce plastic pollution and resource depletion.
The redesign of packaging systems to minimize waste, promote reuse and recycling, and ensure the efficient use of resources throughout the packaging life cycle.
The application of circular economy principles in the tourism industry, focusing on sustainable tourism practices, waste reduction, and resource-efficient hospitality.
The role of circular economy in creating sustainable and resilient cities, through initiatives such as urban metabolism, circular urban planning, and resource-efficient infrastructure.
The potential of circular economy to address development challenges in low-income countries, promoting sustainable resource use, job creation, and poverty reduction.
The concept of circular cities, where circular economy principles are applied at the urban level, aiming to create regenerative and resource-efficient urban systems.
The application of circular economy principles in agriculture, focusing on sustainable farming practices, organic waste recycling, and nutrient cycling.
The redesign of packaging systems to promote circularity, through initiatives such as reusable packaging, compostable materials, and closed-loop recycling.
The transformation of the fashion industry towards circularity, through initiatives such as sustainable materials, recycling programs, and circular business models.
The shift towards circularity in the electronics industry, promoting product repair, recycling of electronic waste, and design for longevity and recyclability.
The adoption of circular economy principles in the construction sector, focusing on resource-efficient building materials, modular construction, and construction waste recycling.
The integration of circular economy principles in the mobility sector, promoting sustainable transportation, electric vehicles, and resource-efficient mobility solutions.
The management of plastic waste through circular economy approaches, such as recycling, reuse, and design for recyclability, to reduce plastic pollution and resource depletion.
The application of circular economy principles in the tourism industry, focusing on sustainable tourism practices, waste reduction, and resource-efficient hospitality.