What does a "circulating economy" strive to achieve?

A "circulating economy" emphasizes the reduction of waste and the promotion of resource reuse as its core objectives. This economic model is designed to transition away from the traditional linear economy, where products are made, used, and disposed of, towards a circular approach that seeks to maintain the value of products, materials, and resources in the economy for as long as possible.

By encouraging practices such as recycling, remanufacturing, and sharing, a circulating economy aims to minimize the environmental impact of production and consumption. It operates on the principle that resources should be kept in use and that waste should be seen as a resource in itself. This not only helps in conserving resources and reducing environmental degradation but also supports innovation and sustainable economic growth.

In contrast, the other options focus on concepts that do not align with the principles of a circulating economy. Rapid consumption, maximizing profits at the expense of sustainability, and increased extraction of natural resources contradict the goals of reducing waste and reusing materials. Thus, the emphasis on resource reuse and waste reduction clearly defines the essence of a circulating economy.