Question

what do you mean by real wages? ​

Answer 1

Answer:

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

Explanation:

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Answer 2

Answer:

Real wages can be defined as the quantities of goods which the wage will actually buy.