Meaning of wage-fund doctrine | Babel Free
Definitions
The theory that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends on the proportion of this fund to the number of persons who have to share in it.
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
Know this word better than we do? Language is a living thing — help us keep it growing. Collaborate with Babel Free