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Glossary:

42. Circular Business Models: Steps from Linear to Circular

TermDefinition
Achievement
The act of accomplishing something significant or reaching a goal.
Business
The activity of producing, selling, or providing goods or services in exchange for money.
Circular
Relating to or forming a circle; round or curved.
Economy
The system of production, distribution, and consumption of goods and services in a particular region or country.
Innovation
The introduction of new ideas, methods, or products that bring about positive change.
Models
A representation or description of something, often used to study or explain how it works.
Policies
Principles, guidelines, or rules set by an organization or government to guide decisions and actions.
Sustainability
The ability to meet present needs without compromising the ability of future generations to meet their own needs.
Technologies
Tools, machines, or methods used to solve problems or achieve goals.
Value
The worth, importance, or usefulness of something.
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