A circular economy keeps products and raw materials in use through activities such as reuse, repair, refurbishment and recycling. It extends beyond sorting waste: product design and commercial arrangements also affect how much value is retained.[1]
A merchant might source replaceable parts and resell traded-in goods. Assess what actually becomes usable again, not just how many items are collected. A return stream without a workable inspection or reuse route does not by itself make an assortment circular.
Content updated:
Sources
Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.