When should I generate pages and when components in Ionic 3?

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I can't completely understand the difference between pages and components in ionic.

As far as I understand @IonicPage() enables us to lazy-load the page but what really grinds my gears is that none of the provided examples utilize that (all of them seem to use components as top-level pages).

I am wondering when should I use pages and when components, since they both are easy to generate with the CLI.

Any input and information on the topic is greatly appreciated.

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