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For work, people receive pay, or wages and salaries, which is agreed compensation for fulfilling work tasks. In addition to the sum that the employer pays to the employee, the employer pays labour taxes on that sum, which together with the wages constitute labour costs. Wages are an important source of income, and their main purpose is to cover expenses on dwelling, food, transportation and other basic needs. This is why the law regulates the minimum an employee could be paid for full-time work. The minimum wage is set to protect the well-being of employees. The statistics on wages and

Research and development (R&D) aim at acquiring new knowledge or using existing knowledge in a novel way. For example, it is the improvement of a product or work process. R&D ends when the main product is developed and the focus is shifted to production planning or market expansion. The main features of R&D are novelty, creativity, ambiguity, systematicity and transferability. Novelty means discovering something new, and with that goal in mind, researchers carry out studies at universities and research institutes. In business, novelty refers to new discoveries or technologies that have not