How much time do you have?

How much time do you have? This is a question that many of the people have been asked and asked themselves. In economics, this has been a question modelling the labour market. Labours have to choose how much time they spend on leisure and how much time they spend on work. To put into more detailed categories, work can be further split into departmental work, company work and other types of work, and leisure can be split into home time, movie time, holiday and other types of leisure. Economists expect when a person earns enough income, he or she will spend more time on leisure but less time on work. However, what we see in the real world, many super rich people are spending awful a lot time on their work, this might need another model to explain this issue.

People have limited time. People do not only have limit time to work on things, people also have limited time to be given things. For example, there are millions of applications available on Apple’s App Store and Google’s Google Play; however, one’s smartphone has a limited storage to install applications and people have limited time to use the applications installed on their smartphones. In addition, there are billions of different websites, but not all can be seen by a number of people. Some useful or interesting websites are not seen by most of us. Therefore, it is extremely for anyone to study how people use their limited time.