Based on the name "Color Institute Foundation 1723 04 25ML," this product is a foundation makeup item from the brand Color Institute.

Here's a detailed breakdown of the name:

Color Institute: This is the brand name. Color Institute is a cosmetics brand that often focuses on creating affordable makeup kits, palettes, and individual products. They are widely sold in department stores and online, and are particularly known for their accessible price point.

Foundation: This specifies the type of makeup product. Foundation is a base makeup applied to the face to create an even, uniform color to the complexion, cover flaws, and sometimes serve as a base for other makeup products. It can be a liquid, cream, or powder. In this case, since it has a milliliter (ML) volume, it is a liquid or cream foundation.

1723: This is likely the product's model or serial number. Cosmetics brands often use a combination of letters and numbers to identify specific products in their inventory.

04: This is the shade number. The "04" indicates a specific color within the foundation line. Without a visual reference, it's impossible to know the exact shade, but it would be the fourth shade in the sequence, likely a medium-toned color, possibly with a warm or neutral undertone.

25ML: This is the volume of the product. 25 milliliters is a common size for a bottle of liquid foundation, providing a standard amount for regular use.