According to the Club of Rome's report, The Limits to Growth, what happens when natural resources start to run low?

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Labor is progressively substituted by capitalAdvancements in technology offset the loss of capitalIncreasing expenses reduce the amount of capital available for future investmentsContingent valuation gains importance

Explanation

The Limits to Growth report highlights that as natural resources decline, the associated costs increase, which in turn decreases the capital that can be allocated for future investment. This dynamic restricts economic growth and sustainability.