Economics Circular Economy Questions
A circular economy promotes sustainable consumption by minimizing waste and maximizing the use of resources. It aims to keep products, materials, and resources in circulation for as long as possible through strategies such as recycling, reusing, and repairing. By doing so, it reduces the need for extracting and producing new resources, which helps to conserve natural resources and reduce environmental impacts. Additionally, a circular economy encourages the design of products that are durable, repairable, and easily recyclable, thus reducing the overall consumption of resources and minimizing waste generation.