Economics Circular Economy Questions
A circular economy promotes resource conservation by minimizing waste and maximizing the use of resources throughout their lifecycle. It aims to reduce the extraction of raw materials by promoting recycling, reusing, and repairing products. This approach ensures that resources are kept in circulation for as long as possible, reducing the need for new resource extraction. Additionally, a circular economy encourages the use of renewable energy sources and the adoption of sustainable production methods, further reducing resource consumption and environmental impact.