See the below image for the Circular economy explained diagram. It is a resilient system that is good for business, people and the environment. The circular economy is a systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution.
Some of the elements of a linear economy include: Depleting and overusing the world’s natural resources. The circular economy moves away from that idea, and, as already mentioned, focuses on reducing waste and overuse of finite resources. Increase the life cycle of a product.
The opposite of a circular economy is our current linear economy, a system that takes, makes, and wastes”, rather than reduces, reuses, and recycles. The linear economy is wasteful by design and built of systems on processes that are actively destructive to the planet.
Circular economy explained image
