How does the concept of a circular economy apply to technology? 🔊
The concept of a circular economy applies to technology by promoting sustainable practices that prioritize resource efficiency and waste reduction. In contrast to the traditional linear model of "take-make-dispose," the circular economy encourages the reuse, refurbishment, and recycling of products and materials. By designing technology for longevity and reusability, companies can minimize environmental impacts and foster innovation. This approach not only supports sustainability goals but also creates economic opportunities by fostering new business models, such as product-as-a-service and resource recovery initiatives.
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