A "Widget" is a small gadget or mechanical device, often used in various industries to represent a product or component. In economics, it serves as a hypothetical item used in discussions about production and market dynamics. Widgets can vary in complexity, from simple tools to intricate machines, depending on their intended function. In technology, the term "widget" also refers to a software application or component that provides specific functionality on a website or mobile device. These digital widgets can display information, allow user interaction, or enhance user experience, making them essential in modern web design and app development.