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circular-economy

Circular Economy

The circular economy is an economic system aimed at eliminating waste and pollution, keeping products and materials in use, and regenerating natural systems. This model contrasts with the traditional linear economy, which follows a "take, make, dispose" pattern.

History and Evolution

The concept of a circular economy has roots in the early 20th century with ideas from economists like Karl Buch who proposed economic cycles. However, it wasn't until the late 20th and early 21st centuries that the term gained prominence:

Principles of Circular Economy

The circular economy is based on several core principles:

Implementation and Examples

Implementation of circular economy principles can be seen in various sectors:

Challenges and Critiques

Despite its appeal, the circular economy faces challenges:

Policy and Support

Various governments have started to support the transition towards a circular economy through legislation and funding:

External Links

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