A product is unique up to unique isomorphism
: if (P,π1,π2) and (P′,π1′,π2′) are both products of A,B, there is a unique isomorphism P≅P′ compatible with projections.
This is a special case of a limit
(the limit of the discrete diagram AB).
Examples
Set. The categorical product is the usual cartesian productA×B of sets, with projections π1(a,b)=a, π2(a,b)=b.
Grp. For groups G,H, the product is the direct product G×H with coordinate projections, characterized by: giving a homomorphism X→G×H is equivalent to giving a pair of homomorphisms X→G and X→H.
Top (and similarly Ab, R-Mod). The product of spaces X,Y is the set-theoretic product X×Y equipped with the product topology; the projections are continuous and satisfy the same universal property.