Question

what is money wages?​

Answer 1

hey mate here is your answer

Money wages also called nominal wages.

Nominal wages are the wages in terms of money. Like how much money you get.

Example:

if an Apple is of RS 10 and your wages are 100 then your money wages is Rs 100 and real wages is 10 as u can buy ten units of apple from it.

.But if price of apple rises to 20 then your money wage is still 100 but now your real wages have fallen to 5 as now u can buy only five units of apple from it.

hope it helps you..

Answer 2

income expressed in terms of its monetary value, with no account taken of its purchasing power.