Economics Circular Economy Questions
Closed-loop recycling is a key concept in a circular economy, which aims to minimize waste and maximize resource efficiency. It involves the continuous recycling and reuse of materials within a closed system, where products are designed to be easily disassembled and their components are recycled or repurposed at the end of their life cycle. This process ensures that materials are kept in circulation for as long as possible, reducing the need for extracting new resources and minimizing environmental impact. Closed-loop recycling promotes a sustainable and circular approach to production and consumption, where waste is seen as a valuable resource rather than a burden.