Within the Circular Economy, several key strategies and approaches are employed to minimize resource extraction and waste generation. Here are some examples:

1. Designing for Durability and Longevity: By creating products that are built to last and withstand wear and tear, the need for frequent replacements is reduced. This extends the lifespan of products and minimizes resource consumption.
2. Implementing Reuse and Refurbishment: Rather than disposing of products after their initial use, the Circular Economy encourages reusing and refurbishing them. This practice helps maximize the value derived from materials and reduces the demand for new resources.
3. Emphasizing Recycling and Material Recovery: Recycling plays a crucial role in the Circular Economy. It involves collecting and processing waste materials to convert them into new products or raw materials for manufacturing. By closing the loop, valuable resources can be utilized again, reducing the need for virgin materials.
4. Adopting Remanufacturing and Repair: Remanufacturing refers to the process of restoring used products to their original or even better condition. Repairing products instead of replacing them helps extend their lifespan and prevents unnecessary waste.
5. Embracing Renewable Energy Sources: Transitioning to renewable energy sources, such as solar or wind power, reduces reliance on fossil fuels and minimizes the environmental impact associated with resource extraction and energy generation.
6. Fostering Collaboration and Sharing Platforms: Collaboration among businesses, communities, and individuals is vital in the Circular Economy. Sharing platforms enable the sharing or renting of products, reducing the need for individual ownership and the associated resource consumption.
7. Implementing Resource Recovery and Industrial Symbiosis: Resource recovery involves capturing valuable materials from waste streams and reintegrating them into production processes. Industrial symbiosis facilitates the exchange of by-products or waste materials between different industries, creating mutually beneficial relationships and reducing waste.

By adopting these strategies and approaches, the Circular Economy aims to shift from a linear, wasteful model to a more sustainable and regenerative system that minimizes resource extraction and waste generation.