The derivative of a product refers to the rule used to differentiate the product of two functions. This is essential in calculus because it allows us to find the rate of change of a product function, which is crucial when analyzing complex relationships between variables. Understanding this concept also leads to deeper insights into how different functions interact and provides a foundation for more advanced topics like higher-order derivatives and applications in physics and engineering.
congrats on reading the definition of derivative of a product. now let's actually learn it.