Circular economy

[noun]

The circular economy is a model of production and consumption, which involves sharing, reusing, repairing, refurbishing, remanufacturing, and recycling materials and products as long as possible. This implies minimizing waste and pollution and reducing the use of new resources. As in nature, everything is transformed and finds a new purpose. It is in contrast with the traditional linear model, based on a take-make-dispose pattern.

e.g. The company wants to accelerate the transition to a circular economy.