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Wages

Wages are the return to labor. The return to an individual's involvement (mental or physical) in the creation or realization of goods or services. Wages are realized by an '''individual''' supplier of labor even if the

supplier is the self. A person gathering mushrooms in a national forest for the purpose of personal consumption is realizing wages in the form of mushrooms. A payer of wages is paying for a service performed by one or more individuals and sees wages as a cost.



Last Updated: 29.06.2008

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Returns.

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