Dictionary
Thesaurus
Encyclopedia
Translator
Web

nominal wages

 - 2 dictionary results

nominal wages

–noun Economics.
wages measured in terms of money and not by their ability to command goods and services.
Compare real wages.


Origin:
1895–1900
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To nominal wages
nominal wages  
pl.n.  Wages measured in terms of money paid, not in terms of purchasing power.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Search another word or see nominal wages on Thesaurus | Reference
FacebookTwitterFollow us: