The main distinction between wages and salaries lies in how they are paid and the nature of the work. Wages are typically paid daily, weekly, or based on the number of hours or days worked, often for labor-intensive jobs like construction or factory work. Salaries, on the other hand, are fixed monthly payments given to employees in professions like teaching or office jobs, regardless of the number of hours worked. Wages depend on the quantity of work done, while salaries are stable and regular. Both are forms of monetary compensation but suit different types of employment.
This question related to Chapter 13 Social Science Class 6th NCERT.
From the Chapter 13. The Value of Work.
Give answer according to your understanding.
Wages are paid based on work completed or hours worked, while salaries are fixed periodic payments.
Explanation: For instance, daily laborers earn wages, while office employees earn salaries.
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