Question

Difference between time wage system and piece wage system in table format

Answer 1

Answer:

time wage system is used according to time of day and piece wage is used according to quantity of product

Answer 2

Answer:

Piece rate system pays the workers according to the units of output produced. Time rate system pays the workers according to the time spent in the factory. Piece rate system gives emphasis on larger quantity of output. Time rate system emphasis on better quality of output.