CHOICE BETWEEN INCOME AND LEISURE | MICROECONOMICS | LEARN OIKONOMIA

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This video discusses CHOICE BETWEEN INCOME AND LEISURE
Income is earned by devoting some of the leisure time to do some work. That is income is earned by sacrificing some leisure. The greater the amount of this sacrifice of leisure, that is, the greater the amount of work done, the greater income an individual earns.
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Tags:
CHOICE
INCOME
LEISURE
CHOICE BETWEEN INCOME AND LEISURE
WORK
INDIFFERENCE MAP
INDIFFERENCE CURVE
24 HOURS
LEISURE INCOME CONSTRAINT
CONSTRAINT
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