Nominal wages are the payments made to labourers for their services in form of money or cash. If a worker gets Rs. 5000/- per month, it is an example of money wages.
Real wages refer to the total wages of a labourer that he gets in form of money and other facilities. Suppose a worker in addition to his money wage, gets some facilities like free education, medical facilities, subsidized houses etc, all this constitute his real wage.
