What is Circular Economy

An economic system in which the materials are inserted in a cyclic flow, enabling their maximum utilization, reducing the extraction of raw materials from nature (mainly non-renewable), and other environmental impacts. Learn more in: The Circular Economy of Plastics: Where We Are and Where We Can Go

It is a holistic approach to reduce, reuse and recycle the production and consumption procedures so as to minimize energy consumption and consequently waste production. Learn more in: Circular Economy and Sustainability: Concepts, Perspectives, and (Dis)Agreements

A systemic approach to economic development designed to benefit businesses, society, and the environment, where the finite resources are used in a constant loop of regeneration without creating waste. Learn more in: Green Charcoal: Developing Biodegradable Construction Materials for a Circular Economy

This is the manifestation of a paradigm shift, and it will demand changes in the way that society legislates, produces and consumes innovations, while also using nature as inspiration for responding to societal and environmental needs. Learn more in: Digitalization as a Key Issue of the Circular Economy to Promote Sustainability: Prototyping Design for Homeless People

It is a holistic approach to reduce, reuse and recycle the production and consumption procedures so as to minimise energy consumption and consequently waste production. Learn more in: Circular Economy Principles and Their Influence on Attitudes to Consume Green Products in the Fashion Industry: A Study About Perceptions of Portuguese Students

Strategy that aims to optimize resources and reduce waste. Learn more in: Implementation of Circular Practices in Small and Medium Enterprises in Developing Countries

It is an economic system aimed at eliminating waste and the continual use of resources. Based on a close-loop eco-friendly system, the circular economy aims at eliminating all waste (zero waste) and the continual use of economic resources by reusing, sharing, and recycling used products. Learn more in: Circular Economy: An Emerging Paradigm – Concept, Principles, and Characteristics

Circular economy is an economic model that provides economic growth with a focus on green development to transform the present mass consumption to what is known as responsible consumption, in which supply chain management plays a major role. Learn more in: Development of Supply Chain Framework for the Circular Economy

Reduction of resource consumption, wastage, and energy consumption through more efficient end-to-end processes along the entire product lifecycle. Learn more in: Industry 4.0 in the Context of the Triple Bottom Line of Sustainability: A Systematic Literature Review

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Economic model oriented to eliminate waste generation, reuse/recycle products and materials, reduce as much as possible resources consumption as well as other actions to close material loops and, in sum, minimize the environmental impact. Learn more in: Opportunities and Challenges of Circular Economy for the Tourism Industry

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An economic system aimed at eliminating wastage by continually using same resource. Learn more in: Creativity and Innovation for Entrepreneurs in the Circular Economy

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It is a strategy whose objective is to reduce the entrance of raw material as well as eliminating waste, closing the economic and ecologic flows of resources. Learn more in: Transitioning From Medium to Large Companies in the Circular Economy: Key Factors for Colombian Companies

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The economy where the environment is as an integral part of the economic circuit. Learn more in: Circular Economy and Circular Business Models in the Actual Global Ecological Context: Various Approaches

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Economics that refers to taking production as a basis for conversion and recycling instead of use and destruction. Learn more in: Strategies of Sustainable Bioeconomy in the Industry 4.0 Framework for Inclusive and Social Prosperity

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a new concept of re-use, re-cycling and re-defining where a new product is created which is needed by consumers. It is a non-linear concept of a relationship between consumers and producers. The circular economy defines new capacity for production, using raw materials and others in order to create a new value in products and a new value chain. There is a maximization of product utility by consumers. Nothing is lost, but transformed in order to create a necessity in consumers/organizations. Learn more in: Circularity in Portugal: Features of New Business Challenges

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The circular economy proposes an economic and productive model characterized by sustainability and saving of resources and energy sources in which goods are produced, consumed, recycled, produced and re-consumed, entering a life cycle. Learn more in: Circular Green Economy: Resources and Capabilities – Theory-Based Analysis

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A systemic approach to economic development designed to benefit businesses, society and the environment for a regenerative economy. Learn more in: Viability of Entrepreneurship Education for Employability to Meet Industry 4.0 Challenges in the Circular Economy: A Namibian Case

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Economy that is based on reduced or eliminated waste both from lean and sustainability point of views. Circular economy can be supported by green innovations, eco-industrial development zones, and effective political economy. Learn more in: Political Economy of the Green Innovations in the Construction Industry

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It is defined as a process of gaining monetary benefit by converting resources in manufacturing industry in linear direction and treating the waste produced therein in reverse direction forming a circulatory process. Learn more in: Knowledge Management for Entrepreneurship Development in the Circular Economy

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A circular economy is a systemic approach to economic development designed to benefit businesses, society, and the environment. It is regenerative by design and aims to gradually decouple growth from the consumption of finite resources. It follows the 3R approach: reduce, reuse and recycle. Resource use is minimized (reduce). Reuse of products and parts is maximized (reuse). And last but not least, raw materials are reused (recycled) to a high standard. Learn more in: Operationalization of Circular Economy: A Conceptual Model

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A business model that aims to keep materials and components within a closed loop. Emergy Analysis: An assessment tool that quantifies the accumulative available energy consumed directly or indirectly to produce a product or a service. Learn more in: Emergy Analysis and Supply Chains

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An economic model oriented to eliminate waste generation, reuse/recycle products and materials, reduce as much as possible resources consumption as well as other actions to close material loops, and in sum, minimize the environmental impact. Learn more in: Tourism Circular Economy: Proposal for a Research Agenda

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Circular economy is a concept of Economy focused on sustainable development of business and society. Learn more in: Information Literacy and the Circular Economy in Industry 4.0

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A concept that entails gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system. Learn more in: Food Waste Reduction Towards Food Sector Sustainability

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A new economic paradigm that consists of extracting raw materials; transforming them; and producing, consuming, and returning the materials to integrate in the process so that they turn into new raw material or new elements of production. Learn more in: Guiding Principles of Design for Circular Tourism

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An economic model in which every waste generated in a production system is re-evaluated so that the cost of raw materials is kept at minimum and resource efficiency and environmental benefits at maximum. Learn more in: Linear Economy to Circular Economy: Planned Obsolescence to Cradle-to-Cradle Product Perspective

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A principle that refers to manage the practices that seek to minimize wastes, reuse, revitalize, regenerate, and recycle materials and products. Learn more in: Blockchain Characteristics and Green Supply Chain Advancement

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Economic system based on a systemic approach to the elimination of waste and continuous utilization of scarce resources. Learn more in: Design Thinking Perspective in Entrepreneurship Education

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An economic system aimed at minimizing resource input and waste, emission, and energy by slowing, closing, and narrowing energy and material loops; this can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing, and recycling. Learn more in: Environmental Sustainability to Support Competitiveness: From Theory to Practice

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according to this paradigm, our supply, distribution, and consumption systems give up processing materials and other resources in a traditional “one-way” or linear manner, typically ending with their disposal. Instead, “waste” or other system outputs (secondary raw materials, valuables) are reinjected in the economy, allowing numerous additional cycles at high utility. In management literature and practice, circular economy frequently overlaps with related notions such as sustainable development/sustainability and Corporate Social Responsibility (CSR). The supply chain management discipline can support - if not initiate - circular economy through closed-loop logistics principles. Learn more in: Packaging Trends in International Transportation and Logistics

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A business model for managing sustainable value creation. Learn more in: B Corp Certification for a Circular Economy Approach and a Sustainable Pathway

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The circular economy is the approach that aims to using natural resources and ecosystems more effectively and also distinguish economic growth from these sources. Learn more in: Integrating Performance Measurement Systems Into the Global Lean and Sustainable Construction Supply Chain Management: Enhancing Sustainability Performance of the Construction Industry

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A new economy model in which products are recycled, repaired, or reused rather than thrown away, and in which waste from one process becomes an input into other processes. Learn more in: Influence of the EU Circular Economy Action Plan on Turkey's Energy Policy and Investments in Renewables

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Provides an alternative model of consumption, based on the creation of closed production systems where resources are reused and kept in a “ loop of production ” and usage, allowing the creation of value for a longer period of time. Learn more in: Creating Value From Garbage: A Marketing and Circular Economy Strategy for Sustainability

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