The effect of Leisure in the Greek economy
A prevalent economic view sees leisure as time lost to the economy. Hours are not worked. Goods and services are not produced. Working people are not earning wages and paying taxes. Such a view, tuned to the production side of economic activity, overlooks the importance of leisure time to consumption. More goods and services are consumed during a worker’s free time than in the hours at work.
The need for those goods and services, and consequently their consumer demand, in a real sense depends upon opportunities to fit them usefully into the prospective consumer’s personal lifestyle or routine of living.