The Nobel Prize (/ˈnoʊbɛl/, Swedish pronunciation: [nʊˈbɛl]; Swedish distinct shape, solitary: Nobelpriset; Norwegian: Nobelprisen) is an arrangement of yearly global honors presented in various classifications by Swedish and Norwegian establishments in acknowledgment of scholarly, social, and/or logical advances.
The will of the Swedish innovator Alfred Nobel set up the prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics, and Physiology or Medicine were initially granted in 1901.[1] The related Nobel Memorial Prize in Economic Sciences was set up by Sweden's national bank in 1968. Awards made before 1980 were struck in 23 carat gold, and later from 18 carat green gold plated with a 24 carat gold covering. Somewhere around 1901 and 2015, the Nobel Prizes and the Prize in Economic Sciences were granted 573 times to 900 individuals and associations. With some getting the Nobel Prize more than once, this makes a sum of 870 people (822 men and 48 women)[2] and 23 associations.