English

Define compensation of employees.

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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 20: Methods of Measuring National Income - TEST YOURSELF QUESTIONS [Page 409]

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Frank Economics [English] Class 12 ISC
Chapter 20 Methods of Measuring National Income
TEST YOURSELF QUESTIONS | Q 8. (i) | Page 409
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
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