Literary prizes are awards given to authors and their works to recognize excellence in writing. These prizes can be awarded for various genres, including fiction, poetry, and non-fiction. Some well-known literary prizes include the Pulitzer Prize, the Man Booker Prize, and the Nobel Prize in Literature. Winning a literary prize can significantly boost an author's visibility and sales. Many literary prizes are judged by panels of experts, including authors, critics, and academics. The selection process often involves reading and evaluating numerous submissions, with the goal of highlighting outstanding contributions to literature. These awards not only celebrate individual achievements but also promote reading and appreciation of literature in society.