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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explain what the circular economy is
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the circular economy is an alternative economic system designed to reduce waste and increase sustainability. it promotes the re-use, repair, and recycling of goods, materials, and services to create a closed-loop system that maximizes economic, environmental, and social benefits. the main principles of the circular economy are: design out waste, keep resources in use, maximize value recovery, and create regenerative systems.
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