Question

give the definition of monetary wages​

Answer 1

Explanation:

the amount of money that someone is paid for work they have done, without considering the amount of goods it can buy: Unemployment is still high and money wages were till recently running behind prices.

Answer 2

Monetary wages can be defined as the wages or salaries that are paid to a person in monetary terms.

Explanation:

1. Monetary wages are the wages paid to a person in form of cash or digital payments.
2. These wages are measured in financial terms.
3. The work done by a person is assessed in terms of quantities which is then returned in form of money.
4. Monitory wages are calculated for the calculation of important economic indexes such as GDP, national income, etc.
5. Monetary wages are specifically defined for each task on the basis of a person’s knowledge, skills, experience, etc.