What is circular in business studies

Answer 1

Circular in business studies refers to the concept of circular economy. It is an economic model that is focused on minimizing waste and making the most of resources. It emphasizes the reduction, reuse, and recycling of materials, as well as the regeneration of natural systems. In a circular economy, products and materials are designed to have a longer lifespan, and waste is seen as a valuable resource that can be used in the production of new goods and services. This approach aims to create a sustainable and more efficient economic system.