“The wage is a sum of money paid under contract by an employer to a worker in exchange of services rendered by the worker” BenhamAnyhow, more comprehensively,“A wage is the remuneration paid to labour in return of services rendered either under contract or independently.”Classification of WagesThe rewards of labour can be classified under the following categories:SalaryIf a person is highly paid, the remuneration is called salary e.g. the earning of a professor, engineer, … [Read more...] about Classification of Wages
Classification
Classes of Business Organization
The term “Business” is wide in meaning. It includes all those human activities made for the sake of earning profit through the process of production of goods or buying or selling of goods. A Qualitative Businessman starts a business for the sake of earning money, and money is earned by satisfying human needs and desires with certain things.What are the Different Natures of Businesses?Business activities can be of various kinds. These may be fishing, mining, agriculture, cultivation, … [Read more...] about Classes of Business Organization
Types of Soil in Pakistan – Soil Classification & Characteristics
The physiography of Pakistan is very unique and has a diverse landscape all over the country, with a very distinctly climate in the whole country. Due to these reasons, the physiography of Pakistan is divided according to soil classification.The type of soil formed is a function of topography, climate, vegetation, and the parent rock from which the soil material is derived.Soil texture varies with the size of the soil particles. Coarse-textured soils are sandy, fine-textured soils are … [Read more...] about Types of Soil in Pakistan – Soil Classification & Characteristics