For a functor with finite indexing category, form the finite products in a category
Define by requiring the coordinate indexed by to be for and for . Let be their equalizer, and put . The equality says exactly that for every morphism , so these morphisms form a categorical cone.
For any other categorical cone , the product in a category gives a unique with . The categorical cone equations give , so the equalizer gives a unique with . This is exactly the universal property of a categorical limit. Empty indexing products are terminal objects, so the construction includes the empty diagram in a category. Thus finite products and equalizers give all finite limits.
Let be a terminal object. The pullback in a category of has precisely the universal property of the binary product in a category : every pair of morphisms to is compatible over . Repeated binary products in a category, together with as the empty product, give all finite products in a category.
For , form the pullback in a category of the categorical diagonal along . Its projection satisfies . If satisfies , the pair gives a unique morphism into this pullback in a category. Conversely any such morphism must project to that pair. Hence is the equalizer of . The preceding construction now gives all finite limits.

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