The term "minimum" refers to the smallest amount or lowest level of something. In mathematics, it often describes the least value in a set of numbers. For example, in the set 3, 5, 1, 7, the minimum is 1 because it is the smallest number present. In everyday life, minimum can apply to various contexts, such as minimum wage, which is the lowest legal salary an employer can pay an employee. This ensures that workers receive a basic level of income to support themselves, promoting fairness in the workplace and helping to reduce poverty.