What happens when the rate of resource extraction exceeds that of their regeneration?

When the rate of resource extraction exceeds the rate of resource generation, it affects the environment’s carrying capacity which affects the proper and smooth functioning of the environment to provide resources and assimilate wastes produced. This in turn affects life sustenance and results in environmental crisis. Many resources have become extinct due to over consumption and the environment’s capacity to absorb degraded waste has reduced due to increase in pollution.