Explain this seeming contradiction

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Q Evaluate relative importance of economies of scale and comparative advantage in causing following: Half of world's large jet aircraft are assembled in Seattle, Most Scotch whiskey comes from Scotland, Much of world's best wine comes from France.

Q. When one person saves, that person's wealth is increased, meaning that he or she can consume more in future. But when everyone saves, everyone's income falls, meaning that everyone must consume less today. Explain this seeming contradiction.

Reference no: EM1372249

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