George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

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Paradox of Thrift

Definition of 'Paradox of Thrift'

The theory that a change in the amount households wish to save at each income leads to a change in equilibrium income.

There is no change in equilibrium saving, which must still equal planned investment.

Related Terms

Paradox of Voting

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