Circular economy is considered to be the traditional linear economy where resour
ID: 372763 • Letter: C
Question
Circular economy is considered to be the traditional linear economy where resources to be keep using as long as possible and could be able to extract the maxium use of it. Make, use and dispose are three major areas for any product or commodity in circular economy. Regeneration of product and then back to use format is considered to be the principle of linear economy. Thus there be a preserving nature for all the commodity which creats an equilibirum in a society which avoids any form of scarcity or extreme demand change.
In todays society due to the influence of more technology and changing consumer behaviopr linear or circular economy is not practially feasible. People tend to buy new form of commodity and they dont believe in maximising the utilisation of any resource. This will results in partial udage of commodity and gradually it become obolsete without any regeneration process.
This gaps will results in scarcity of resource and it also cause several ups and downs of demand and economy will be always in vibrant situation. Circular economy is an ideal stage where it is diffucult to achieve but certain positive elements in that linear economy can be wisely incorporated in the current economy as well. Especially in the case of natural or fossil fuel , water etc there should be a maximum utilisation and regeneration policies in place
Explanation / Answer
What is the primary goal of the circular economy? How is it being advanced in today's society? What can it achieve
What is the primary goal of the circular economy? How is it being advanced in today's society? What can it achieve