How Is Circular Economy Different From Linear Economy?

Circular economy is quickly gaining traction as the talks around sustainable businesses and governance become more urgent.
But what exactly is a Circular Economy and how is it any different from our current economic system?

As the name suggests, Linear Economy is a linear system that starts with taking resources to make a product and ends with the disposal of the said product after use.

Hence, the linear economy is also called the ‘take-make-waste’ economy.

This system has led to many social and environmental problems, and the continued strain it puts on the resources (while generating more waste than we could handle) is impacting the economic stability as well.

To put it simply, a circular economy is a system where the resources are reused within or between the systems while generating an economic and social gain for all the parties involved.

Hence, all the resources are kept under ‘circulation’

This solves the two major issues that have arisen from our current economic system by:

A win-win situation!

Here are a few points that make circular economy different (and better) from linear economy:

The cradle to Cradle approach (aka C2C) refers to a system that mimics the natural regenerative cycle like the mineral cycles, or organic decomposition.

A circular economy tries to recreate that mechanism by replenishing the resources back into circulation once it has been used through various means, including upcycling or recycling.

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