A circular economy is an economic system aimed at minimizing waste and making the most of resources. Unlike the 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 benefits both the planet and the economy by promoting sustainability and reducing environmental impact.