what is time ? what is the value of time ?
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In transport economics, the value of time is 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.
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In math, time can be defined as the ongoing and continuous sequence of events that occur in succession, from the past through the present to the future. Time is a used to quantify, measure or compare the duration of events or the intervals between them, and even, sequence events
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