The "Person of the Year" is an annual title awarded by Time magazine to an individual or group that has had a significant impact on the world in the past year. This recognition can be for positive or negative influence, highlighting the complexities of leadership and societal change. The selection process involves editorial judgment and public opinion. Since its inception in 1927, the award has honored a diverse range of figures, including political leaders, activists, and cultural icons. Notable recipients include Martin Luther King Jr., Malala Yousafzai, and Elon Musk, reflecting the evolving priorities and challenges faced by society.