The problem with the excerpts is that they don't allow for future consumption as a goal. Production, trade, and savings are all done for the sake of consumption.
There also might be an issue with production > consumption in a growing economy. Since the global economy is growing, production must be exceeding consumption and the net savings are being invested in further growth.
The problem with the excerpts is that they don't allow for future consumption as a goal. Production, trade, and savings are all done for the sake of consumption.
There also might be an issue with production > consumption in a growing economy. Since the global economy is growing, production must be exceeding consumption and the net savings are being invested in further growth.