wiki gives this definition of sigma-algebra
Let X be some set, and let ${\mathcal {P}}(X)$ represent its power set. Then a subset ${\displaystyle \Sigma \subseteq {\mathcal {P}}(X)}$ is called a σ-algebra if it satisfies the following three properties:
- X is in Σ, and X is considered to be the universal set in the following context.
- Σ is closed under complementation: If A is in Σ, then so is its complement, X \ A.
- Σ is closed under countable unions: If $A_1, A_2, A_3, ...$ are in Σ, then so is $A = A_1 ∪ A_2 ∪ A_3 ∪ …$ .
since {X, ∅} satisfies condition (3), it follows that {X, ∅} is the smallest possible σ-algebra on X. The largest possible σ-algebra on X is $2^X:= {\mathcal {P}}(X)$
$2^X$ does not seem to be 2 to the Xth power here, so, What does $2^X$ mean in $2^X:= {\mathcal {P}}(X)$?