Empty product in the context of Additive identity

In mathematics, the factorial of a non-negative integer ${\displaystyle n}$, denoted by ${\displaystyle n!}$, is the product of all positive integers less than or equal to ${\displaystyle n}$. The factorial of ${\displaystyle n}$ also equals the product of ${\displaystyle n}$ with the next smaller factorial:$${\displaystyle {\begin{aligned}n!&=n\times (n-1)\times (n-2)\times (n-3)\times \cdots \times 3\times 2\times 1\\&=n\times (n-1)!\\\end{aligned}}}$$For example,$${\displaystyle 5!=5\times 4!=5\times 4\times 3\times 2\times 1=120.}$$The value of 0! is 1, according to the convention for an empty product.

Factorials have been discovered in several ancient cultures, notably in Indian mathematics in the canonical works of Jain literature, and by Jewish mystics in the Talmudic book Sefer Yetzirah. The factorial operation is encountered in many areas of mathematics, notably in combinatorics, where its most basic use counts the possible distinct sequences – the permutations – of ${\displaystyle n}$ distinct objects: there are ${\displaystyle n!}$. In mathematical analysis, factorials are used in power series for the exponential function and other functions, and they also have applications in algebra, number theory, probability theory, and computer science.