Bachelor of General Studies (BGS) Degree Practice Exam

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The term circular economy refers to which of the following?

A linear production model
A waste-oriented approach
A production system that is regenerative by design
A purely profit-driven business model

The correct answer is: A production system that is regenerative by design

The term circular economy refers to a production system that is regenerative by design. This model emphasizes sustainability by promoting the continual use of resources, minimizing waste, and encouraging the recycling and reuse of materials. In a circular economy, products are designed in a way that they can be easily repaired, refurbished, or remanufactured, thus extending their lifecycle and reducing environmental impact. This approach contrasts sharply with traditional linear production models, which follow a 'take, make, dispose' pattern, leading to increased waste and resource depletion. The circular economy also fosters resilience within economic systems by creating closed loops where resources are constantly cycled back into the production process, thereby reducing dependency on finite resources. This paradigm shift not only addresses environmental concerns but also presents opportunities for innovation and economic growth, as businesses rethink how they create value in a sustainable manner.