Circular Economy

A circular economy is an economic model that aims to maximize resource efficiency, minimize waste generation, and promote sustainable practices. It seeks to move away from the traditional linear "take-make-dispose" model by emphasizing the reuse, repair, recycling, and regeneration of products and materials. In a circular economy, resources are kept in use for as long as possible, and the value of products and materials is retained through their lifecycle. It promotes closed-loop systems, encourages sustainable design and production, and fosters collaboration among stakeholders to create a more resilient and environmentally friendly economy.