Aggregates are sand and gravel. They are the “skeleton” of concrete and:
they provide strength and stiffness
they counteract the shrinkage of cement during hardening, avoiding cracking
they reduce the overall cost of concrete
Cement Paste is formed by the mixing of cement, water and possibly chemical admixtures. Cement paste has the role of binding the aggregates, but has also a primary influence on
workability, strength, durability of final concrete.
Concrete can be seen as a composite material: a dispersed phase (aggregates) bound by a matrix (the cement paste). The roles of aggregates and cement paste within concrete are different.