ENTREPRENEURSHIP

Detailed explanation-1: -Salary is generally paid at fixed intervals i.e. monthly. Whereas wages are paid on a daily basis for the number of hours spent. Salary is paid on the basis of the performance of an individual. Whereas wages are paid on hourly basis i.e. the amount of work done in hours.

Detailed explanation-2: -the amount paid to an employee for every hour worked is called a wage.

Detailed explanation-3: -Wages are a form of monetary compensation for employees. They are paid according to the amount of time worked by the employee.

Detailed explanation-4: -wage. noun. : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis. often used in pl. plural : the share of the national product attributable to labor as a factor in production.

Detailed explanation-5: -Base wage rate is the minimum fixed amount of money paid for a job before anything extra is added, like bonuses, allowances, or any such compensation. It ensures that workers get paid adequately for their services.