List out the kinds of wages?

1.	List out the kinds of wages?
Answer» Wages are divided into four types. 1. Nominal Wages or Money Wages: Nominal wages are referred to the wages paid in terms of money. 2. Real Wages: Real wages are the wages paid in terms of goods and services. Hence, real wages are the purchasing power of money wages. 3. Piece Wages: Wages that are paid on the basis of quantum of work done. 4. Time Wages: Wages that are paid on the basis of the amount of time that the worker works.

Answer»

Wages are divided into four types.

1. Nominal Wages or Money Wages: Nominal wages are referred to the wages paid in terms of money.

2. Real Wages: Real wages are the wages paid in terms of goods and services. Hence, real wages are the purchasing power of money wages.

3. Piece Wages: Wages that are paid on the basis of quantum of work done.

4. Time Wages: Wages that are paid on the basis of the amount of time that the worker works.

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List out the kinds of wages?

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