The three essential elements of an MVP (Minimum Viable Product) are: 1. The MVP should have the minimum set of features required to solve the primary problem or provide value to the user. 2. The MVP should be a functional product that can be used by customers and provide them with a good user experience. 3. The MVP should be a product that can be sold to customers, even if it’s not a complete or fully-featured version of the final product. By focusing on these three elements, businesses can create an MVP that allows them to test their product idea quickly, gather feedback, and iterate on their product to improve it over time.