Question

List any 2 characteristics of wage employment

Answer 1

Answer:

Two Parties

Two PartiesContractual Nature

Explanation:

Two Parties

In case of wage employment there are always two parties involved. One is known as the employee and the other as the employer.

Contractual Nature

Wage employment is always contractual in nature. It is basically an agreement between two parties whereby one party works for the other under specific terms and conditions and the later party has to pay the former any mutually agreed upon wage or salary in return of his work.

Answer 2

Answer:

1. In case of wage employment there are always two parties,one is known as the employer and the other is employee.

2. The wage employment doest not involve taking certain amount of risk.

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