Why is there a trade-off between the amount of consumption

Reference no: EM131244057

Why is there a trade-off between the amount of consumption that people can enjoy today and the amount of consumption that they can enjoy in the future? Why can't people enjoy more of both? How does saving relate to investment and thus to economic growth? What role do banks and other financial institutions play in aiding the growth process?

Reference no: EM131244057

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