According to management sciences and economic studies, the price paid to the labour for their contribution of work or service towards its production is termed as wages. They may vary according to several factors, one of which is the duration of work done. Wages are of several types, and there are several types of methods for wage payment as well. The PPT explains clearly the various methods of wage payment, and also offers a clear comparison between them. Give it a read.

Manasa Sunny

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