Final answer:
Leisure is time free from work, allowing for the pursuit of interests and rests. It is a crucial element in labor-leisure choices and affects individuals' decisions on how many hours to work versus enjoying free time.
Step-by-step explanation:
Considering that a job can be defined as a group of similar positions in a particular work setting, leisure can be defined as option D: Time free from required effort or for the free use of abilities and pursuit of interests. Leisure is the time that individuals have at their disposal when they are not engaged in work or other necessary activities. It can be considered a 'good' in economics, valued and weighed against the opportunity of working to earn income. When people have a higher wage, they face a trade-off between more work and more leisure time. This trade-off is central to an individual's labor-leisure choices, which in turn shape the labor supply decision within the economy.