Economics of Leisure Essay Example | Topics and Well Written Essays - 1750 words

Economics of empty - Essay ExampleLeisure is defined as cadence dog-tired when one is not working. This mean values that era that is compensating for work. Other authors obviously define untenanted as the opportunity to express ones creativity and master new things so that they nip satisfied and a degree of self-accomplishment. Leisure activities can include resting at home, sleeping, watching movies, engaging in sport activities among others. These activities are essential in an individuals life because they give satisfaction, pleasure, and enjoyment. They also heighten an individuals self-esteem as well as promote the ecumenic quality of life. Kenneth Roberts argues that the berth of waste is to instill certain values such as teamwork, leadership, and fair play. He also holds that unemployed consolidates the social system and compensates people for the unsatisfying and unrewarding aspects of life. For him, all individuals are free to choose the leisure activities they w ish. Taking part in leisure activities may be beneficial or otherwise depending on the activities concerned. Some art, sport and recreation activities have beneficial impacts both socially, economically and heath wise. Allocation of time It is impossible to look at the determinants of leisure without reviewing the allocation of time for work. From time immemorial, the amount of time spent at work has never equaled the amount of time spent away from work. Most people slide by almost all their time in the office or at work in general (Kate & Rickards, 2002). The craze and passion with which economic development is pursued in the world today does not throw in for involvement in secular activities as much. This means that the allocation of non-working time and its efficiency are classic for the economic welfare of a country. In 1965, almost everyone had similar amounts of spare time notwithstanding their socioeconomic status. However, this has changed with time given that leisure tim e just like income has profitd across the board (Aguiar and Hurst, 2006 19). Secondly, it is right away apparent that the biggest winners in the allocation of leisure time are at the bottom of the socioeconomic ladder. This is to mean that today the poor seem to have more leisure time than the rich do. This goes a wide way to prove that leisure activities are not immune to economic life. A substantial increase in the quantity of leisure time in the United States between the years 1965 to 2003 agree to seek has been experienced. Research has it that, the number of hours away from work has increased by six to eight hours for men. That of women has increased by four to eight hours. The less(prenominal) educated individuals experienced the largest increase. The researches have also exposed the emerging contrariety in leisure with regard to the growing inequality in income and expenditure. There were adjustments that necessitated the increase in leisure time. For men, it was due to the allocation of less time to the market sector while for women it was due to the decline for time allotted for home production (dcms, 2010). There was also change in leisure time according to the educational qualification of individuals in society. It emerged that while there was uniform increase across the educational status, the less educated had more leisure time as compared to their educated counterparts. The fact that the least