as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how would you explain the concept of circular economy in laymans terms?
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circular economy is a sustainable economic system that focuses on reducing waste and conserving resources by reusing and recycling materials. this approach is designed to replace the traditional linear economy, in which materials go through a single-use cycle of production, consumption, and disposal.
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