ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What does employer mean? An employer is a person, company, or organization that employs people-pays them for work. The people who are paid to work are called employees.

Detailed explanation-2: -Employer/Boss is a people who has authority and control over a unit of work or a group of people in the company . Employees are people who use skill and ability to earn an income from the employer by helping them for business. To be a boss/leader we must learn to be an employee first. Employees must follow the rules.

Detailed explanation-3: -employee. noun. someone who is paid regularly to work for a person or an organization.

Detailed explanation-4: -A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.

Detailed explanation-5: -An employee is someone who gets paid to work for a person or company.