If you wanted to transfer a file over a circuit, you would have to guess a bandwidth allocation. If you guess too low, the transfer is unnecessarily slow, leaving network capacity unused. If you guess too high, the circuit cannot be set up (because the network cannot allow a circuit to be created if its bandwidth allocation cannot be guaranteed). Thus, using circuits for bursty data transfers wastes network capacity and makes transfers unnecessarily slow. By contrast, TCP dynamically adapts the rate of data transfer to the available network capacity.
