The symbol '≤' represents the mathematical concept of 'less than or equal to.' It is used to indicate that a value or quantity is less than or equal to another value or quantity. This term is commonly used in the context of inequalities, where it helps define the range of values that satisfy a given condition. The understanding of the symbol '≤' is crucial in the study of linear inequalities, absolute value inequalities, and systems of nonlinear equations and inequalities involving two variables.