The equation $$f_b = \rho g v$$ represents the buoyant force acting on an object submerged in a fluid. Here, $$f_b$$ is the buoyant force, $$\rho$$ is the fluid's density, $$g$$ is the acceleration due to gravity, and $$v$$ is the volume of fluid displaced by the object. This relationship highlights how the buoyant force depends on the characteristics of the fluid and the volume of the object, illustrating essential principles of buoyancy and stability in fluids.