Costs to produce milk differs significantly â the range is from 4 to 128 US-$ per 100 kg milk. From 2000 â 2012, cost of milk production increased in all countries analysed. Cost of milk production in China is estimated 50% above the level in US and Germany.
Definition of Wages: Wages are remuneration paid to labor in return for the services rendered. Benham has defined the term wages in a restricted sense. According to him, a wage may be defined as a sum of money paid under contract by an employer to a worker in exchange for service rendered.
Webster Dictionary(0.00 / 0 votes)Rate this definition: Wage(verb) to pledge; to hazard on the event of a contest; to stake; to bet, to lay; to wager; as, to wage a dollar. Wage(verb) to expose one's self to, as a risk; to incur, as a danger; to venture; to hazard.