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Define compensation of employees. - Economics

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Question

Define compensation of employees.

Definition
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Solution

Compensation of employees refers to the total remuneration, both financial and non-financial, provided by an employer to employees in exchange for their services.

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Chapter 33: Measurement of National Income - EXAMINATION CORNER [Page 33.20]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 33 Measurement of National Income
EXAMINATION CORNER | Q 16. a | Page 33.20
Frank Economics [English] Class 12 ISC
Chapter 20 Methods of Measuring National Income
TEST YOURSELF QUESTIONS | Q 8. (i) | Page 409
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