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The Difference Between Linear & Circular Economy

Circular economy

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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IDEA EXTRACTED FROM:

The Difference Between Linear & Circular Economy

The Difference Between Linear & Circular Economy

https://www.entrepreneurship-campus.org/the-difference-between-linear-circular-economy/

entrepreneurship-campus.org

2

Key Ideas

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.

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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New digital platforms are enabling the 'passion economy', where individuals with certain creative skill sets can earn a livelihood while doing the very thing they are good at. These platforms provide:

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She was also labeled as someone who only appeals to the rich. This unwanted attention resulted in even more business opportunities.

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Today’s leaders need innovative solutions to measure and improve productivity in a knowledge-based workplace, as the measurement of output and input is not what it was.

Quality And Quantity

While assigning value to the output of knowledge workers, we cannot simply measure the output like before.

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George Bernard Shaw
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Language and acquiring information

Take language away, and the amount of information you can acquire decreases.

Many deaf children born into hearing families live in a world unable to communicate properly. They are never exposed to abstract ideas such as "justice" or "global warming." Unless the parents learn sign language, the child's language access will be delayed or missing entirely.

Non-linguistic limitations

The lack of language affects even functions like math. Keeping track of exact numbers above four requires knowing the words for these numbers. The language-number interdependency means many deaf children in industrialized societies fall behind in math because they did not learn to count.

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