Characteristics and disadvantages of traditional linear economy

Linear economy, symmetrical "circular economy" An economic model is characterized by the linear flow of resources. It is manifested in the one-way flow of "resources-products-wastes" in the traditional economy. If resources are not fully utilized, they will become wastes, consume a lot of resources and cause environmental pollution. It has the characteristics of high consumption, high pollution and low utilization rate, and its essence is to achieve quantitative economic growth at the natural cost of growth, which runs counter to sustainable development. From an economic point of view, it is because the value chain of economic operation is broken in the link that can not produce profits and can not maintain circular operation.

Response time: 2021-01-18. Please refer to the latest business changes announced by Ping An Bank in official website.

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