Question

Explain demand for leisure?

Explain demand for leisure?

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Answer #1

Answer : Demand for leisure is a free time enjoyed by the person. Demand for leisure is directly related to the income earned from that period of time. As normally leisure is considered as normal good. Leisure is directly connected to real wage rate. As real wage rate rises than opportunity cost of leisure time has been increased directly.It has been tend that as income or real wages increases than demand for leisure has been decreased uptown certain level. So, we conclude that demand for labour is directly related to earning  higher, income from labour in logical manner

Demand for leisure is inversely related to real wage rate uptown certain level and after sometime they are backward bending.

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