what are the defference between money and real wage
Answers
Answered by
1
Answer:
Real wage refers the compensation that takes inflation into consideration in the tabulation. Money wages on the other hand is just the payment done for labor done within an organization. Real wages are determined by the inflation rates and consider the purchasing power of a given compensation amount.
Answered by
1
☞Aɴsᴡᴇʀ☜
Money wages or nominal wages are wages that are paid to a person regardless of the inflation rate in the market. ... Real wages are wages that provided taken into consideration the inflation amount. Real wages are wages that determine the purchasing power of the individual or how much goods the salary can buy..
Hᴇʀᴇ ɪs ᴜʀ Aɴsᴡᴇʀ ☜☜
Similar questions