Differences between money wage and real wage Differences between money wage and real wage
This Website is on Sale. Monthly Unique Visitors above 100K Price Rs. 1,50,000/- (No Bargaining at all) Contact: 9842334585

Guess the Number to Win

Try to guess the correct number between 1 and 100, and secure your chance to win an📱and exciting prizes. More you play, more the chance.

Differences between money wage and real wage

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
  

Please leave your comment

If this article has helped you, please leave a comment.

Previous Article Next Article

Second Hand Dell Laptop for Sale in Nepal

Specifications:

Brand: Dell

Display: 15.6 inches

Processor: Ryzen 7 (i7) 11th gen

Graphics: AMD Radeon

RAM: 16GB DDR4

Storage: 512GB NVME SSD

Operating System: Windows 11, 64 Bit

Used for: 1 Year

Reason for Sale: Buying a Macbook.

Price: Rs. 71,000 only

Contact to buy: 9810535445

More Information about Laptop