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What is the key idea behind Natural capital is a factor of The life supporting service
the concept in production and can and of natural capital can’t be
terms of substitutability? should be substituted by substituted. (and humanity
produced capital to allow needs the life supporting
optimal welfare growth. service to exist and survive)
What are its consequences, Consumption will deplete The environment and its
e.g. in terms of the non-renewable ecosystems will be kept
compatibility with resources and the utility will intact. (if different forms of
environmental degradation drop to zero. natural capital can be
and irreversible changes? substituted without limit)