Payment in kind refers to receiving goods instead of money as payment. Sahil, the farm laborer, gets part of his payment in mangoes, which are of equal value to his wages, rather than cash alone.
Class VI Social Science Chapter 13 The Value of Work
NCERT Social Science Textbook Exploring Society India and Beyond Session 2024-2025.
What is payment in kind, and how does it apply to Sahil’s work?
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Payment in kind involves receiving goods instead of money as compensation for work. In Sahil’s case, he gets part of his wages in mangoes, equivalent in value to cash, illustrating how this form of payment meets his needs through tangible goods.
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