A Minimum Viable Product (MVP) is a strategy used in product development to release a basic version of a product with the minimum necessary features to validate its viability and gather user feedback. The main goal of an MVP is to quickly test and iterate on a product idea while minimizing development time and costs. By focusing on essential features, an MVP allows businesses to validate their assumptions, assess market demand, and gather valuable insights from early adopters. This iterative approach enables continuous improvement and optimization of the product based on real user feedback, ultimately leading to a more refined and successful final product.