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Linear economy
A linear economy is a traditional model based on a 'take-make-consume-waste' approach to using resources.
The raw material is made into a product. After the product comes to the end of its life, it is thrown away. If this model is not replaced, the world will reach a point where it will lose the capacity to sustain itself.
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Circular economy
The purpose of circular economy is to prevent waste while promoting sustainable economic growth. Manufacturers have to design reusable products. The model follows the production-use-recycling-production cycle.
The circular economy is more profitable and less harmful to the environment. The circular economy needs mostly innovation to promote a much-needed change in society.
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