Circular Economy Scheme
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Circular economy system to eliminate waste of resources outline diagram. Infographic scheme for sustainable and environmental production, mining, processing, or recycling approach with 11 stages, parts, phases, steps, or options.

Circular Economy is an innovative economic model that can provide numerous social, economic, and environmental benefits. Essentially, the goal of the Circular Economy is to create a system in which businesses and their customers can create value without relying on finite resources or creating waste. This means that companies must design products for longevity and use technology to facilitate the continual reuse of materials. Furthermore, this also leads to different models of ownership and sharing among consumers, so that materials have extended lifespans before needing to be replaced. In its most successful implementations, this creates lasting value through economies of scale and cost savings related to increased resource efficiency. With a framework like this in place, companies can focus more on creating positive environmental outcomes while still offering competitive offerings to customers.

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