A Minimal Viable Product (MVP) is a basic version of a product that has just enough features to satisfy early customers and provide feedback for future development. The main goal of an MVP is to test the feasibility of an idea and validate assumptions with the least amount of effort and resources possible.

The MVP approach allows companies to quickly gather feedback from early adopters, measure market demand, and refine their product strategy before investing more time and money into further development. It is a popular approach used in software development, but can be applied to any product or service.