CIRCULAR ECONOMY

The circular economy is an economic model that aims to minimize waste and maximize the use of resources by keeping them in a production and consumption cycle for as long as possible. Unlike the traditional linear economy of extract manufacture consume throw away the circular economy aims to encourage the reuse repair recycling and regeneration of materials and products.This economic model is based on the principle of eco-design which involves designing products and services by taking into account their entire life cycle from production to end-of-life.The circular economy is seen as both an environmental and economic response to the challenges posed by dwindling natural resources increasing waste and climate change. The circular economy also relies on collaboration between different economic players such as businesses consumers communities and governments to establish more sustainable production and consumption systems.