Economics Circular Economy Questions
A circular economy addresses the issue of waste management by promoting the reduction, reuse, and recycling of materials. Instead of the traditional linear model of take-make-dispose, a circular economy aims to keep resources in use for as long as possible, extracting maximum value from them. This involves designing products for durability and repairability, encouraging the sharing and leasing of goods, and implementing efficient recycling systems. By minimizing waste generation and maximizing resource efficiency, a circular economy helps to reduce the environmental impact of waste and create a more sustainable and resource-efficient economy.