Tag Archives | real

Real Wage: 10 factors that determines real wage

Real Wage: 10 factors that determines real wage .Real wage refers to the purchasing power or buying capacity of money wage. It is the amount of necessaries, comforts, and luxuries which the worker can command in return for his remuneration.

By Varun|2011-06-17T08:56:07+00:00June 17, 2011|Economics|Comments Off

Brief note Nominal and Real wages

Wages may be paid either in terms of money or in terms of goods. The amount of money paid as wages is called the nominal wage or money wage. Nominal wage is thus the monetary expression of the reward for labour.

By Sushil Suri|2011-03-11T17:23:31+00:00March 11, 2011|Notes|Comments Off

This website uses cookies and third party services. OK