University of economics and pedagogy’’

Conclusion
Time is a very vital substance in our lives. By realizing the value of time and utilizing it effectively, we will not only achieve our goals to the utmost personal satisfaction but can also contribute to the advancement and development of our society and country. We need to respect time, and by this, we can get the best out of it.
So if people know the value of time, then it is beneficial for society and the individual. The value of time is often underestimated. People think that they have all the time in the world and so they can waste it. But, what people don't realize is that time is a precious commodity that, once wasted, can never be recovered. Time waits for no one, so whatever we want to do, we should do it now and not put it off for later so that we can enjoy it to the fullest. So our advice is that you should utilize your time as effectively as possible and feel content by finishing everything on time.
The same way too much fun is also bad for us. To have a meaningful and balanced life, time should be planned wisely to accommodate all areas of life, because time wasted can never be recovered.

References

1. 
    "Oxford Dictionaries:Time". Oxford University Press. 2011. Archived from the original on 4 July 2012. Retrieved 18 May 2017. The indefinite continued progress of existence and events in the past, present, and future regarded as a whole
   
2. 
   ^ Jump up to:^a b * "Webster's New World College Dictionary". 2010. Archived from the original on 5 August 2011. Retrieved 9 April 2011. 1.indefinite, unlimited duration in which things are considered as happening in the past, present, or future; every moment there has ever been or ever will be… a system of measuring duration 2.the period between two events or during which something exists, happens, or acts; measured or measurable interval
   

3. "Time". The American Heritage Dictionary of the English Language (Fourth ed.). 2011. Archived from the original on 19 July 2012. A nonspatial continuum in which events occur in apparently irreversible succession from the past through the present to the future.
4.^ Merriam-Webster Dictionary Archived 8 May 2012 at the Wayback Machine the measured or measurable period during which an action, process, or condition exists or continues : duration; a nonspatial continuum which is measured in terms of events that succeed one another from past through present to future
5.^ Compact Oxford English Dictionary A limited stretch or space of continued existence, as the interval between two successive events or acts, or the period through which an action, condition, or state continues. (1971).