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What is Circular Economy?

The circular economy is an economic system aimed at eliminating waste and the continual use of resources. It contrasts with the traditional linear economy, which follows a take-make-dispose model. Circular economy principles include designing for durability, reuse, remanufacturing, and recycling to create closed-loop systems. This reduces the use of raw materials and minimizes waste. The circular economy promotes sustainability by extending the lifecycle of products and materials. It supports economic growth while reducing environmental impacts.

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