The Nobel Prizes are prestigious international awards given annually in several categories, including Peace, Literature, Physics, Chemistry, and Medicine. Established by the will of Alfred Nobel, a Swedish inventor, the prizes recognize outstanding contributions to humanity in these fields. Each prize consists of a medal, a diploma, and a monetary award. The selection process involves various committees and organizations that evaluate nominations and determine the winners. The prizes are awarded on December 10 each year, coinciding with the anniversary of Nobel's death. Recipients, known as Nobel Laureates, gain significant recognition and prestige for their achievements.