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Minimal Viable Product, popularly known as MVP is a prototype or a basic version of the real-time project. These MVPs are developed to test the process and behavior of the project and the product work processes before going out for the development of the real-time project. The project changes from industry to industry but the concept remains the same. Before getting out on big investments many folks build a basic version of MVP which shows off the same features and functionalities. It's a test process to see the result of their project before getting the whole project to the real world.