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Environment And Business: Moving From Linier to Circular Business
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Sinopsis
The concept of Circular Business stems from the broader idea of the Circular Economy, which contrasts with the traditional linear economy. This model emphasizes reducing waste, reusing materials, and recycling products to extend their lifecycle. Historically, circular principles can be traced back to practices such as repairing and re-purposing goods, but the modern framework gained momentum in the late 20th century. Circular Business models aim to decouple economic growth from resource consumption, addressing environmental challenges while creating economic opportunities. Circular Business models encompass various strategies, including product-as-a-service, sharing platforms, life extension, and resource recovery. circular business integrates sustainability into economic activities, benefiting both the environment and businesses. Adopting circular models involves rethinking traditional practices, focusing on long-term value creation, and implementing innovative solutions that contribute to a more sustainable future.
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