The circular economy is a sustainable production and consumption model that aims to reduce the environmental impact of economic activities by promoting recycling and reuse of materials and resources. In a circular economy, waste is seen as resources and economic activities are designed to minimize waste and make the best use of available resources.
An example of a circular economy is the waste management system that involves recycling materials instead of disposing them in landfills. Another example is the sharing economy model, which promotes the sharing of goods and services instead of purchasing new ones.
The circular economy can help reduce environmental impact, increase resource efficiency and promote sustainable development and economic growth.