What is the significance of the time signature 3/4 in music composition and how does it impact the overall feel of a musical piece?

The time signature 3/4 in music composition signifies that there are three beats in each measure, with the quarter note receiving one beat. This time signature creates a waltz-like feel, as it is commonly associated with dance music. It impacts the overall feel of a musical piece by giving it a sense of movement and flow, often creating a graceful and lilting quality to the music.