The circular economy is a concept advanced, in particular, by the Ellen MacArthur Foundation, and Ken Webster in his recent book: The Circular Economy – a wealth of flows. It represents an economic system that moves away from the linear “take, make and dispose” model which has traditionally dominated our economic activities, towards a “cradle to cradle” circular system. In a fully fledged circular economy, little or nothing is wasted, and products and their component parts are designed and valued for their integrity, longevity, ease of repair, and propensity for re-purposing.
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