A minimum viable product (MVP) is a development strategy used in the creation of new products or services, where the most basic version of the product is built with just enough features to satisfy early adopters and gather feedback. The primary goal of an MVP is to quickly test and validate assumptions about a product's viability in the market, allowing developers to learn about customer needs and preferences with minimal resources. By focusing on core functionalities, businesses can iteratively improve the product based on real user input, reducing the risk of investing heavily in features that may not resonate with the target audience. This approach helps streamline development processes, optimize resource allocation, and increase the likelihood of successful [[product-market fit]].