Which term refers to a non-cash payment received for work?
Dignity of Labor
In Class 6 Social Science – Chapter 13: The Value of Work, students are taught
to respect every kind of work. Whether someone is a doctor, cleaner or shopkeeper, their role is crucial. Looking down upon certain jobs creates social divisions, but valuing all work fosters unity and equality.
Ans.: (D)
Term payment in kind refers to a non-cash payment received for work.
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The correct answer is (D) Payment in kind.
Payment in kind refers to compensation received in the form of goods or services instead of cash. For example, a farm laborer being paid with grains instead of money is an example of payment in kind.
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