Refers to a policy of not allowing wages to rise.

Wages boards are set up to evolve a mechanism for determination of wages and settlement of wages issues.

A legislative measure of freezing wages and prices at a particular level. This measure is taken to control inflation. Also statutes like the minimum wages act; which guarantees floor level for human labour.

Payment for job performance on the basis of either number of hours or days worked or number of items produced. Usually applies to employment and running work.