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Question from Class 2: Discuss the differences between meta-economics and traditional economics. How can meta-economic principles enhance the effectiveness of circular economic practices? Structure for the answer - introduce by speaking about how traditional economic principles haven't been successful in inducing happiness. (quote Happiness Index where economically rich US doesn't come on top in the index, whereas Scandinavian countries always top. Differentiate between the two perspectives in 3 to 5 lines (as discussed in the video) Application in Circular Economy - 1. Policies focusing on sustainable practices. 2. Behavioural Changes - by recognizing the psychological motivations behind choices, which is essential for promoting sustainable consumption. 3. Promoting Ethical consumption and Production 4. Value based economy Conclusion - how the new dimension of economy help in sustainable development and taking everyone forward in the process of growth. Insights I-CAN is an exclusive current affairs and ethics series by Insights IAS, crafted for UPSC aspirants. Our aim is to go beyond the headlines, analyzing news through the lens of UPSC Mains, connecting insights with GS syllabus topics, ethics, and essay writing. Join us three times a week as we enrich your preparation with fresh perspectives, practical examples, and ethical insights to strengthen your answers and essays. Let I-CAN be your gift for inspired learning and success in the UPSC journey! #EssayWriting #UPSCEssay #HowToWriteEssays #upscessay #upsc2024 #insightsias #upsc #cse #upsc2025 #cse2025 #currentaffairs #foundationcourse #ogp #integratedfoundationcourse #upscpreparation #ias #ips #irs #ifs #upscmotivation #insights #insightsonindia #prelimsselection #mains