explain what is circular service economy.
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explain what is circular service economy.
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Answer:
A circular economy is an alternative to a traditional linear economy (take, make, waste). It seeks to reduce waste, recovers resources at the end of a product's life, and channels them back into production, thus significantly reducing pressure on the environment.
For example, electrical devices are designed in such a way that they are easier to repair. Products and raw materials are also reused as much as possible. For example, by recycling plastic into pellets for making new plastic products.