A periodic function is considered time variant because it does not maintain the same output value at all times; instead, it varies with time intervals. The definition of periodicity involves repeating values at specific time intervals, indicating that the function changes over time. While it can produce the same output for inputs spaced by the period, this characteristic does not negate its time variance. Thus, a periodic function can be viewed as a "limited time variant" system, as it exhibits both periodic behavior and time-dependent changes. Understanding this distinction is crucial for analyzing the behavior of such functions.