Explain the concept of circular consumption in a circular economy.

Economics Circular Economy Questions



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Explain the concept of circular consumption in a circular economy.

Circular consumption refers to the practice of using resources and products in a way that maximizes their lifespan and minimizes waste. In a circular economy, the concept of circular consumption aims to shift away from the traditional linear model of production and consumption, where resources are extracted, used, and then discarded. Instead, circular consumption promotes the idea of keeping products and materials in use for as long as possible through strategies such as repair, reuse, and recycling. This approach not only reduces the demand for new resources but also minimizes the environmental impact associated with the extraction, production, and disposal of goods. Circular consumption is a key component of a circular economy as it contributes to the overall goal of creating a more sustainable and resource-efficient system.