circular economy.' Like the idea of the 'sharing economy', it's an idea you can understand intuitively. I'm surprised the term has been around since 1989 (raised by British environmental economists) as I have only been aware of it in the last two or three years.
Rather than a linear economy, with its produce - consume - dispose beginning, middle and end, the circular economy, as you see above is all about keeping resources going and giving value for as long as possible, and then re-cycling.
Incidentally, this ties in well with my abhorrence of the word 'consumer' - in this model, people are active participants, creating, selling-on, adapting, repairing and recycling as well as using the goods.
It's only a pity that many of the major tech companies with their in-built obsolescence don't seem to have got the hang of this just yet.