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Differences between money wage and real wage

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Differences between money wage and real wage:-

Basis of difference
Money wage
Real wage
Meaning
Money wage is the wage received by labor in the form of money.
The real wage is the sum of goods and services that money wage can buy and extra benefits of labor occupation.
Forms of expression
It is expressed in terms of money.
It is expressed in terms of the purchasing power of money.
Extra facilities
It excludes extra facilities of labor’s occupation. 
It includes extra facilities of labor's occupation.
Dimension
It is a narrow concept.
It is a broad concept.
Indicator of living standard
Money wage alone cannot indicate the economic position or living standard of labor.
Real wage determines the economic position or living standard of labor.
Differences between money wage and real wage
  

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