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Wages and salary are two important forms of monetary compensation provided to employees for their services in an industrial setup. Wages generally refer to the payment made to workers based on the number of hours worked, tasks completed, or units produced. It is mostly applicable to manual workers or those employed in production, where the payment is calculated on a daily, hourly, or piece rate basis. Wages are typically variable, as ___ _____ _________ _________ _________ _______ __________ ____ ____ _____ ____.
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