Concepts of Social Time and their Socio Economic Implications

Abstract

“Time” is an important socio-economic concept. Different societies perceive time differently. Within any given society, groups may differ one from the other on the way how each perceives time. Further more, the same individual may conceive time differently under different situations. These differences may have far reaching socio-economic consequences by shaping attitudes towards work, leisure and planning. Therefore, understanding how people in different cultures reckon time may serve as a foundation to study the socio-cultural factors of development. This article tries to explore different conceptions of social time and their possible socio-economic implications.