TIME PRODUCTION OUTPUT ECOSYSTEM BOUNDARY RESOURCE GROWS SCARCE Each unit harvested costs more to reach OVERSHOOT TAKING MORE THAN IS RETURNED Extraction costs outrun returns; net returns turn negative EXTRACTIVE DOING MORE WITH LESS Efficiency gains from technology DIMINISHING RETURNS Each technical gain produces less CARRYING CAPACITY Output matches the rate of input DIMINISHING OUTPUTS Efficiency slows the drawdown, but the stock keeps shrinking FRAGILE DEPENDENCE Output depends on the land’s regrowth rate SUSTAINABLE TIME BOUGHT