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A circular economy (also referred to as circularity or CE) [1] is a model of resource production and consumption in any economy that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible.
In order to grow an economy while preventing depletion of natural resources, a given amount of a resource must be used as much as possible with as little waste as possible. Closed-loop recycling systems attempt to maximize the amount of time a given amount of a resource is available to an economy.
The Circular Economy Development Strategies Action Plan was created on January 23, 2013, and it further embedded the idea of a circular economy into Chinese legislation. [6] The plan outlined three levels of circular economies in China, being within a company, industrial park and city or region. [6]
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World Resources Forum 2015 was held in Davos, Switzerland, from 11–14 October 2015, and had over 600 participants coming from 108 countries. Discussed topics included Circular Economy and Decoupling; technological innovation, business and finance; targets, indicators, and benchmarks for resource use as well as lifestyles and education.
The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents. The flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction.
SmartAsset determines the best overall places for new college graduates, ranking 370 metro areas based on metrics for the job market, costs and social aspects. ... China's economy expands 5% in ...
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