A circular economy is an economic system aimed at minimizing waste and making the most of resources. Unlike a traditional linear economy, which follows a "take, make, dispose" model, a circular economy focuses on reusing, recycling, and refurbishing materials. This approach helps to extend the lifecycle of products and reduces the demand for new resources. In a circular economy, businesses and consumers work together to create a sustainable environment. For example, companies may design products that are easier to repair or recycle, while consumers are encouraged to return used items for refurbishment. This collaborative effort can lead to reduced environmental impact and a more sustainable future for all.