Circular economy

A circular economy is a model of production and consumption designed to minimize waste and maximize resource efficiency. This contrasts with the traditional "linear economy" in which resources are extracted, used to create products, consumed, and then discarded as waste.

In a circular economy, waste and pollution are designed out, products and materials are kept in use for as long as possible, and natural systems are regenerated. The goal of a circular economy is to create a closed loop system where the waste of one process is the input for another.