Role of Goospares in circular economy

The linear economic model is reaching its physical limits. During this linear model, goods are manufactured from raw materials, employed by the consumers and therefore the materials are finally discarded as waste after its useful life. Any system supported consumption instead of on the restorative use of resources entails significant losses along the worth chain. Furthermore, the rapid acceleration of consumptive and extractive economies since the beginning of the 20th century has resulted in an exponential growth of negative externalities. Hence, there needs a financial system which is restorative and regenerative intentionally, and one that aims to stay products, components, and materials at their highest utility and value in the least times. Such a model is mentioned as a circular economy. It preserves and enhances natural capital, optimises resource yields, and minimises system risks by managing finite stocks and renewable flows. It’s conceived as endless positive development cycle that preserves and enhances natural capital, optimises resource yields, and minimises system risks by managing finite stocks and renewable flows. This economic model seeks to ultimately decouple global economic development from finite resource consumption. During this blog, we discuss the role of Goospares in circular economy.

Goospares aims to bridge the supply-demand gap in idle assets. This ensures that the assets which are idle in one place find its relevant application in another place. Tons of effort have would been put into place to manufacture an asset. Moreover, variety of resources would even be involved in creating an asset. These idle assets got to find its relevant application instead of being discarded as obsolete items. Goospares ensures an equivalent. Thus, the merchandise life cycle is extended by optimising the utilization of idle items. By being a platform to trade slow and non-moving assets, Goospares ensures that resource utilization is optimized. This prevents product wastage and thus significantly contributes to a circular economy.