Question

what are Real wages ?​

Answer 1

income expressed in terms of purchasing power as opposed to actual money received.

Answer 2

Answer:

Real wages are wages adjusted for inflation, or, equivalently, wages in terms of the amount of goods and services that can be bought.

Explanation:

This term is used in contrast to nominal wages or unadjusted wages. Hence real wage defined as the total amount of goods and services that can be bought with a wage, is also not defined.