Final answer:
The Nobel Prize in Literature is awarded annually to an individual author who has made significant contributions to literature. Some notable winners include John Steinbeck, Toni Morrison, and Ernest Hemingway.
Step-by-step explanation:
The Nobel Prize in Literature is awarded annually by the Swedish Academy to an individual author who has made outstanding contributions to the field of literature. Some of the notable winners include John Steinbeck, George Bernard Shaw, Toni Morrison, T. S. Eliot, William Faulkner, Ernest Hemingway, Mark Twain, and Roald Dahl. The prize recognizes the lifetime of work by these authors and their significant impact on literature.