Question

for a country wages are called​

Answer 1

Explanation:

In economics, the price paid to labour for its contribution to the process of production is called wages. Labour is an important factor of production. If there is no labour to work, all other factors, be it land or capital, will remain idle. Thus, Karl Marx termed labour as the “creator of all value”.

Answer 2

In economics, the price paid to labour for its contribution to the process of production is called wages. Labour is an important factor of production. If there is no labour to work, all other factors, be it land or capital, will remain idle. Thus, Karl Marx termed labour as the “creator of all value