Work-Leisure Trade-off

The work-leisure trade-off refers to the balance individuals must strike between how much time they spend working and how much time they dedicate to leisure activities, such as relaxation, hobbies, or socializing. Choosing to work more can increase income and financial security, but it may reduce free time and personal enjoyment. Conversely, prioritizing leisure may enhance quality of life and well-being but could lead to less money. People must evaluate their personal values and circumstances to find a satisfying equilibrium that supports both their financial needs and their overall happiness.