In: Economics
A circular economy. Is one which uses regeneration and restoration as guiding principles in product making and using. It replaces the end of life concept of a product with the restoration and resuse concept. It involves sharing, leasing, reusing, repairing , refurbishing and recycling products as long as it is possible
Biological and technical cycle
In biological cycles the materials are designed in a way that they automatically reach their source of origin i.e. into to soil whereas technical cycles recover and restore the materials through their reuse.
The conceptof circular economy was conceived in the 1970 with the intention of promoting an idea where nothing goes to waste