Are you in favour of living wage? Why or why not? Explain

As far as I know, living wage means the minimum income necessary for a worker to meet his/hers needs.

I am not in favor of this because it means that there's no extra. People work for money because they need to take care of themselves, they use the money for food, clothes, bills, etc. But people also use the money they earn from things such as entertainment purposes to medical needs. If you were to take that away from a person they would lose the motivation to work as hard or as well.

the economic activity signified in that scenario is a. production

in general, market production makes reference to the elaboration of a product or service which is destinated for economic purposes (to be sold) at money-price in a market. such product or service has to be principally tradable for money.

there is no money exchange involved in distribution, generalized reciprocity or balanced reciprocity.

sugar had three basic uses in ancient india. it was used in religious rites, consumed as a snack, and was considered a kind of medicine.

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