To create a time delay in C++, using a busy loop is not recommended due to its inefficiency and inconsistency across different systems. Instead, the use of standard library functions is advised. For Windows, the Sleep function from the windows.h header can be utilized, allowing for precise delays in milliseconds. On Unix systems, the sleep function from unistd.h is available, which operates in seconds. For more accurate timing, the clock function can be used, but it may vary in granularity based on the system. It's important to flush the output buffer with cout.flush() before implementing a delay to ensure that output appears in the intended order. Custom implementations of delays can lead to portability issues, so leveraging existing API calls is encouraged for better reliability and performance across different platforms.