They are contradictory to each other. At the most they can be achieved only partially. But there is seldom any agreement as to the exact balance between the two which the economy should
aim at. Similarly, another example of the society facing contradictory goals is the choice between consuming away its current national income or saving it for capital accumulation and economic growth. This choice is more
difficult for developing countries where the existing level of consumption is very low and there is a strong need for economic growth as well.
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Economics L. Robbins (Main Characteristics-4)
In this article we will discuss Economics L. Robbins (Main Characteristics-4)
