Circular Economy A circular economy entails markets that giv | Economics Optional

Circular Economy

A circular economy entails markets that give incentives to reusing products, rather than scrapping them and then extracting new resources.

In such an economy, all forms of waste, such as clothes, scrap metal and obsolete electronics, are returned to the economy or used more efficiently.

This can provide a way to not only protect the environment, but use natural resources more wisely, develop new sectors, create jobs and develop new capabilities.