Payment in kind involves compensation through goods rather than money. For example, a farm worker may receive part of their wage in produce, ensuring both parties benefit while reducing cash dependency.
Class 6 NCERT Social Science Governance and Democracy Chapter 13 The Value of Work
class 6 Social Science Textbook Chapter 13 question answer
Payment in kind is a form of non-cash compensation where workers receive goods or services instead of money. For example, a farm laborer may be given food or produce as part of their wage, and artisans might be provided with materials. This system benefits both parties, particularly in rural settings where cash flow may be limited, enabling the continuation of economic activities without solely relying on cash transactions.
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