How does a circular economy differ from a linear economy, and what are the advantages of the former?
A circular economy differs from a linear economy in that it prioritizes sustainability by minimizing waste and maximizing resources. In a linear economy, products are made, used, and then disposed of. This approach leads to resource depletion, pollution, and waste. In a circular economy, products are designed to be reused, recycled, or repurposed, resulting in a closed-loop system that reduces waste and maximizes resource efficiency. The advantages of a circular economy include reducing greenhouse gas emissions, conserving resources, and creating economic opportunities through new business models and job creation.