💡 Words with a Similar Meaning to "Real wages"
Found via reverse dictionary — words that share a conceptual meaning.
| Word | Definition |
|---|---|
| real gross domestic product | (real GDP) a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation). |
| purchasing powernoun | (economics) The amount of goods and services that can be bought with a unit of currency. |
| real versus nominal value | The distinction between real value and nominal value occurs in many fields. |
| real economy | The real economy concerns the production, purchase and flow of goods and services (like oil, bread and labour) within an economy. |
| economic growthnoun | (economics) The growth of the economic output of a country. |
| elasticity of labor supply | The elasticity of labor supply is the percent change in amount of labor supplied due to a percent change in wages. |
| consumer price indexnoun | (economics) A statistical estimate of the level of prices of goods and services bought for consumption purposes by households. |
| natural pricenoun | (economics) A price for a good or service that is equal to the cost of production, augmented by the average profit rate. |
| gross incomenoun | Income generated before deducting expenses, taxes, insurance, etc. |
| price levelnoun | (economics) An index of the average market price of selected goods weighted according to certain criteria. |
| labor sharenoun | (economics) Synonym of wage share. |
| income elasticity of demandnoun | (economics) an economic metric that measures the responsiveness of a quantity demanded for a good to a change in income, calculated as the percent change in demand over the percent change in income |
| price indexnoun | (economics) A statistical estimate of the level of prices of some class of goods or services. |
| gdp deflator | In economics, the (implicit price deflator) a measure of the money price of all new, domestically produced, final goods and services in an economy in a year relative to the real value of them. |
| incomenoun | Money one earns by working or by capitalising on the work of others. |
| marginal product of labor | In economics, the marginal product of labor is the change in output that results from employing an added unit of labor. |
| demandnoun | The desire to purchase goods and services. |
| cost escalation | Cost escalation can be defined as changes in the cost or price of specific goods or services in a given economy over a period. |
| producer price indexnoun | (economics) A price index that measures the average changes in prices received by domestic producers for their output. |
| effective exchange rate | The effective exchange rate is an index that describes the strength of a currency relative to a basket of other currencies. |
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