The vacuum expectation value (VEV) is the average value of a field in its lowest energy state, or vacuum state, and is a crucial concept in quantum field theory. It signifies the non-zero value that some fields acquire even in the absence of particles, indicating a spontaneous symmetry breaking where the system settles into a state that is not symmetric under certain transformations. The existence of a VEV leads to various physical phenomena, such as mass generation for particles through interactions with these fields.
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