1 In transport economics,[citation needed] the value of timeis the opportunity cost of the time that a traveler spends on his/her journey. In essence, this makes it the amount that a traveler would be willing to pay in order to save time, or the amount they would accept as compensation for lost time.
One of the main justifications[citation needed] for transport improvements is the amount of time that travelers will save. Using a set of values of time, the economic benefits of a transport project can be quantified in order to compare them to the costs (thus forming the basis of cost-benefit analysis). In particular, savings (or, for that matter, increases) in travel time form part of the change in consumer surplus for a transport project




2 Having free time is as important as the time used for goal driven actions. ... Time is precious because the time you have in your life is less every second. Spend it wisely by doing good, fun or beautiful things, preferably (but not necessarily) things that benefit yourself, others, or the rest of the world.