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5.Ensuring a fair,equitable wage policy for various employees without significant wage difference . 6.The capacity to pay . ECONOMIC OBJECTIVES OF WAGE POLICY Full employment and optimum allocation of all resources. The highest degree of economic stability consistent with an optimum rate of economic progress. Maximum income security for all section of community. SOCIAL OBJECTIVES OF ECONOMIC POLICY Elimination of exceptionally low wage. The establishment of fair labor standards . Protection from inflation The incentive for workers to improve performance.
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