Circular Economy: definition & examples
When my son was 3 years old and asking his mummy what was this “circular economy” thing she was working on, here is what she told him: it is when everything is healthy food for something else. So simple and sweet. I love it! In other words, it means running the economy like nature runs its own business: plants use carbon dioxide and nutrients to grow and produce oxygen. Animals use oxygen and create carbon dioxide and nutrients. Nothing is wasted. It is a closed loop system. Circular economy is generally opposed to the linear economy (take-make-waste) we have been running for many years. Some people also use the term cradle to cradle as opposed to cradle to grave.”