CIRCULAR ECONOMY2Circular economyHello everyone. Thank you for having me. I am going to be speaking to you today aboutthe circular economy. With the rapid growth in competition for resources as well as an increasein pollution and waste, the necessity to move towards a comprehensive circular system ofeconomy is rising. In perspective, a circular economy is a methodical approach to economicdevelopment designed to profit society, environment, and businesses. A circular economy isreformative by design and targets to decouple growth from the consumption of finite resourcesprogressively. Furthermore, a circular economy has inducements and means to use presentresources efficiently and sustainably. This is through relying on renewable energy sources,increasing life quality to all society segments, as well as getting more value from waste products.