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Definition of Piece rate
1. Noun. The monetary amount payed per unit of production in the reward scheme of piece work, contrasting to hourly wage and to salary. ¹
¹ Source: wiktionary.com
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1. Noun. The monetary amount payed per unit of production in the reward scheme of piece work, contrasting to hourly wage and to salary. ¹
¹ Source: wiktionary.com