Examlex
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Nominal Wage
The wage paid to employees in current dollars, not adjusted for inflation, representing the face value of earned income.
Economic Income
The total value of all income received by an individual or entity, including both earned income and investment income.
Human Capital
The skills, knowledge, and experience possessed by an individual viewed in terms of their value or cost to an organization or country.
Compensating Differential
The difference in wages that compensates workers for undesirable aspects of a job, such as long hours or dangerous conditions.
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