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income-leisure trade-off
in·come-lei·sure trade-off


noun 
Definition:
 
choice about money or time off: the choice that workers make between working more hours or taking more leisure time. It is especially invoked when income affects the amount of income tax payable.
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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