... result of the exchange of labor power on the labor market; the compensation for labor power per period of time is referred to as the wage rate. In the planned economy, wage is the price of neither ... significance. For the employees, these payments are important because they could be their sole incomes, to support their whole families’ lives. For every business, it accumulates in the expense account ... with the principles of supply and demand, market price, the ability to negotiate, and the current laws of the State, can be higher or lower than the value of labor power. Normally, unless the...