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Time Pressures and Supply
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As economies, society, and technology have developed so has the amount of activities that people can engage in. Unlike during our grandparents’ era, people have more occasions, appointments, and meetings to attend to. The exponential increase in these activities, hence time pressures, has been ma...

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  • May 7, 2021
  • 2
  • 2020/2021
  • Essay
  • Unknown
  • A

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  • pressed for time
  • how systems have surpassed human control and works with its machines

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Group Exercise 6 – Time Pressures and Supply

As economies, society, and technology have developed so has the amount of activities

that people can engage in. Unlike during our grandparents’ era, people have more occasions,

appointments, and meetings to attend to. The exponential increase in these activities, hence time

pressures, has been made possible by economic demands. To feed an ever growing economy,

there is a need to keep innovation and supply of new products on the rise. Thus the system has

surpassed human control and now operates within its own mechanics. In America, the capital of

global economics, this phenomenon is rather rampant.

People feel pressed for time when they have more things to do than the time available.

For instance, if one has three meetings to attend, each meeting lasting an average of ten minutes

each, then the person is prone to being pressed for time when they do not have more than that

minutes to spare for all the three minutes. In the principle of demand and supply, we can surmise

that when activities to be undertaken demand more time than the time in supply, the value of

time increases. When alternative activities that seems attractive, one feels pressed for time to

finalize the current activity so as to engage in the new attractive option. So when people are in a

hurry or pressed for time, it actually because their time’s value could get them more, in terms of

fun or interest, if they were engaging in an alternative activity.

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