The Nobel Prize is a set of prestigious international awards given annually in several categories, including Physics, Chemistry, Medicine, Literature, and Peace. Established by the will of Alfred Nobel, a Swedish inventor, in 1895, the prizes recognize outstanding contributions to humanity in these fields. Each prize consists of a medal, a diploma, and a monetary award. The recipients, known as Nobel Laureates, are selected by various committees and organizations based on their significant achievements. The awards are presented on December 10 each year, the anniversary of Nobel's death.