It is an old cliche to say that "time equals money," but like virtually all cliches, there is a important grain of truth to the statement. To define the concept of time equaling money a step further, one could point to the reality that occasion costs play a important factor in the generation of prosperity and money.
From a definition that can be learned in any Economics 101 course, occasion costs (on a very baseline level) refer to the fact that if a man does something specific, the time and money invested in such an performance supervene in the minimalizing of the ability to do something else with the same time and money.
The expected hereafter Of Internet Banking
In other words, no one can commit resources to two courses of performance simultaneously without increasing the source (money) required to assert a simultaneous venture. This is why it is prominent to drastically cut unproductive downtime from a person's life and use the recaptured time for pursuits that will be productive. This is why internet banking is such an prominent concept.
While we would all love to live in a world where banking and the time required to make a banking transaction are greatly limited, we will never achieve such a goal unless we leave the confines of traditional banking and veer towards internet banking instead. When it comes to time costs, traveling to the bank, waiting in traffic, waiting in line, dealing with poor or puny buyer assistance all add minutes to the time wasted in one's day.
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