An operational amplifier has the internal compensation circuit for stability which limits its working bandwidth. Frequency response of the compensated Op Amp has slope of −6 dB/octave or −20 dB/decade. Unity gain frequency defines the bandwidth where the Op Amp is able to amplify a signal. If we multiply the gain and frequency at any point, the result is the same, allowing us to use this parameter to select the appropriate Op Amp. It is called Gain-Bandwidth Product, GBW or GBP. The limited open-loop gain introduces a closed-loop gain and phase error.
But we want to optimize our circuits, right?