ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Remuneration is the total compensation received by an employee. It includes not only base salary but any bonuses, commission payments, overtime pay, or other financial benefits that an employee receives from an employer.

Detailed explanation-2: -It is the reward for employment in the form of pay, salary, or wage, including allowances, benefits (such as company car, medical plan, and pension plan), bonuses, cash incentives, and monetary value of the non-cash incentives.

Detailed explanation-3: -salary. noun. a fixed amount of money that you earn each month or year from your job.

Detailed explanation-4: -Money Wages or Nominal Wages: The total amount of money received by the labourer in the process of production is called the money wages or nominal wages.

Detailed explanation-5: -A monetary reward is a specific amount of money given to an employee to complete a task or goal. These rewards can come in the form of bonuses, commissions, or incentives and can be based on performance, merit, or seniority.