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Compose a 1500 words assignment on economics of leisure. Needs to be plagiarism free! However, the industrial revolution brought surplus production and people could now afford the time for leisure. Moreover, the 21st Century is characterized by technology innovation and people are now living in modern cities. But no matter the progress in the economy people spend little on leisure. This essay embarks on explaining the reasons why people never engage in leisure even when they can afford time and resources to do so.

Leisure is defined as the portion of time that workers engage in a while, not on the compensative exercise of production for goods and services (Madow 1965). It is the time when workers are on a sendoff job. Leisure involves spending time at home, resting, sleeping, spending weekends on sports or traveling to pass the time when one is not on an hourly wage. Technology has relieved time that people needed to be in the workplace to generate profits for the companies and income for the share of labor. In recent times people have gained more freedom and development in careers such as sporting. Moreover, there has been a tradeoff between labor and leisure which is termed as the backward labor supply curve.

Leisure has different meaning and perceptions to different people. The meaning is based on individual priorities, and pleasures derived from doing certain activities (Veal 2004). Some people find to spend their leisure time watching television while others spend time on base jumping, mowing and visiting the parks. These things have defined the culture of people, but with the extent of economic growth, only a few of the people engage in creation facilities. However, countries such as U.S and majority of European countries have advanced in sporting activities and more people spend free time watching sports or engaging in one.

Leisure can also be understood as a spiritual and mental attitude and thus is not an external factor.&nbsp.&nbsp.