Circular economy

An economic system focused on eliminating waste and the continual use of resources through principles like designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. This approach contrasts with the traditional linear economy by emphasizing reuse, sharing, repair, refurbishment, remanufacturing, and recycling to create a closed-loop system, thereby reducing environmental impact and resource consumption. The circular economy primarily benefits businesses, policymakers, and environmental advocates aiming to promote sustainable development and resource efficiency.