Question

What is real wage in simple language?
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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:

Hᴏᴘᴇ ɪᴛ's ʜᴇʟᴘ ᴜ ᴍᴀᴛᴇ

Answer 2

Answer:

The real wage in simple language is the language which spoken by all people's lives in simple world. so rhe language is called International language.

Explanation:

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