A Circular Economy is an economic system that is designed to reduce waste and maximize the use of resources. It is based on the principles of sustainability, which emphasize the importance of preserving natural resources and minimizing environmental impact. The circular economy seeks to create a closed-loop system in which resources are reused, recycled, and repurposed, rather than being discarded or sent to landfills. This approach helps to reduce the need for new resources, reduce emissions, and create a more efficient and sustainable economy. It also encourages businesses to adopt more sustainable practices, such as using renewable energy sources and investing in green technologies.