In recent years, the term circular economy became extremely popular. People see this as an answer to the worldwide environmental crisis that is affecting the whole world.
As the name suggests, this form of the economy requires a nonstop system of production. It requires the reuse of resources and wastes that many fields can use. There are already initiatives in this regard, albeit only on a small or medium scale.
Purpose of circular economy
The purpose of the circular economy is to barge in the classic sequence of production– raw materials – processing – consumption – waste. Specifically, it aims to take the waste and put it back into production. Thus, the cycle looks something like this: raw materials – processing – consumption – reuse of waste in production. And then the process starts from scratch.