Closed loop
DEFINITION: A business model that completely reuses, recycles, or composts all materials. The term can also be used to refer to corporate take-back schemes, where companies that produce a good are also responsible for its disposal.
DEFINITION: A business model that completely reuses, recycles, or composts all materials. The term can also be used to refer to corporate take-back schemes, where companies that produce a good are also responsible for its disposal.
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