Answer:
lowest wage that a firm is legally allowed to pay its workers
Explanation:
he minimum wage is the lowest compensation that employers are required to pay workers for labor services provided. It is the lowest amount that workers should be paid per hour as set by the law. The concept of the minimum wage was introduced to increase the incomes and, consequently, the living standards of unskilled workers.
The minimum wage protects workers from exploitation through low pay. It ensures workers receive a just remuneration for labor services. Different countries set varying minimum wage rates. It is illegal to pay workers below the minimum wage rate apart for the exempted groups.
