Explain about real wages, Microeconomics

Assignment Help:

Q. Explain about Real Wages?

Real Wages:Value of wages, adjusted for level of consumer prices. If nominal value of wages is growing faster than consumer prices, then real wages are growing and thus real consumption possibilities offered to workers are improving.


Related Discussions:- Explain about real wages

Supply and demand, Explain the meaning of the statement "coffee and tea are...

Explain the meaning of the statement "coffee and tea are close substitutes".

Cost-of-living indexes, COST-OF-LIVING INDEXES   * The CPI is computed e...

COST-OF-LIVING INDEXES   * The CPI is computed each year as the ratio of cost of a typical group of consumer goods and services today in comparison to the cost during a base per

Selective in exports, Selective in Exports: There are many industries ...

Selective in Exports: There are many industries where India has an advantage because of relatively lower costs of all forms of manpower whether it is professional or factory l

The theory of consumer behavior, explain the theory of consumer behavior f...

explain the theory of consumer behavior from the utility perspective

Consumer surplus, I purchase a used stove for $155 when I was willing to pa...

I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus

State about the prices - price level, State about the prices - Price level ...

State about the prices - Price level Prices are of great significance in macroeconomics as indeed they are in microeconomics. Though, in microeconomics we are more interested i

Equilibrium, short run equilibrium of the industry

short run equilibrium of the industry

Scarcity choice and opportunity cost, (a) Differentiate between a  command ...

(a) Differentiate between a  command economic system and a laissez-faire. (b) Assess to what extent it is advantageous for an economy when it moves from a controlled to a free-e

Consider an upstream firm in russia that mines iron, Consider an upstream f...

Consider an upstream firm in Russia that mines iron ore at a total cost of $15 q , where q is the number of tons of ore. This upstream firm then ships ore to Germany for processi

Healthcare economic and finance, Which drug is likely to be the most profit...

Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd