What is the difference between piece wage and time wage?

79 Views|Posted 9 years ago
Asked by Vinay Arya
1 Answer
Harshit Jain
9 years ago
Piece wage can be defined as the payment made to a worker on the basis of the number of pieces or units manufactured by him in a day or working hours. The formula for calculation is no. of pieces or units manufactured X Rate of one Piece or unit given. The rate of one piece or unit is decided by the

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