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In the late 19th and early 20th centuries, as technological advancements and capital accumulation led to a tripling of average real income, workers and society as a whole chose to take a significant portion of this increased prosperity in the form of fewer working hours. This historical choice to 'purchase' more free time as wealth increased demonstrates that, for the average person during this period, leisure was considered a ________ good.

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Updated 2025-08-13

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Introduction to Microeconomics Course

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Ch.3 Doing the best you can: Scarcity, wellbeing, and working hours - The Economy 2.0 Microeconomics @ CORE Econ

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