HR Glossary
Circular Economy

Circular Economy

Updated on:
August 23, 2022


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Table of Content

What is Circular Economy?

Circular economy is the economic system that aims to create value by reusing resources rather than creating waste.

It refers to a system that comprehensively considers all the flows of material and energy within an economy, and how material and energy are transformed and valued at each stage. The objective is to reduce waste and conserve a resource, so a circular economy system also generates new value-added activities without consuming more natural resources.

A circular economy is an alternative to the conventional linear system, where resources are used and then discarded, and waste is disposed of in landfills.

Why is Circular Economy necessary? 

Well, they help to indicate when a vowel should be pronounced with a long sound, as in the word "bee," as opposed to a short sound, as in the word "bet." Additionally, they can signify whether a vowel should be pronounced with a soft sound, as in the word "meet," or a hard sound, as in the word "meat." In other words, they help to provide important information about how a word should be pronounced.