27. The ordinary wages paid to the labourer by the day, week, month, or year, according to the custom of the place where he is employed. They are generally estimated in money.
THE PRICE OF LABOUR.
28. Has generally been understood to mean the average money-price of common day-labour, and is not therefore different from the rate of wages, except that it more specifically refers to money.
THE AMOUNT OF WAGES.
29. The whole earnings of the labourer in a given time, which may be much more or much less than the average rate of wages, or the price of common day-labour.
THE PRICE OF EFFECTIVE LABOUR.
30. The price in money of a given quantity of human exertion of a given strength and character, which may be essentially different from the common price of day-labour, or the whole money-earnings of the labourer in a given time.
ACCUMULATED LABOUR.
31. The labour worked up in the raw materials and tools applied to the production of other commodities.