All of the basic arithmetic operations in R, and most of the basic numerical/mathematical functions, are natively vectorized; that is, they operate position-by-position on elements of vectors (or pairs of elements from matched vectors). So for example if you compute
c(1,3,5) + c(2,4,7)
You don't need an explicit for loop (although there is one in the underlying C code!) to get c(3,7,12) as the answer.
In addition, R has vector recycling rules; any time you call an operation with two vectors, the shorter automatically gets recycled to match the length of the longer one. R doesn't have scalar types, so a single number is stored as a numeric vector of length 1. So if we compute
(x-min(x))/(max(x)-min(x))
max(x) and min(x) are both of length 1, so the denominator is also of length 1. Subtracting min(x) from x, min(x) gets replicated/recycled to a vector the same length as x, and then the pairwise subtraction is done. Finally, the numerator (length == length(x)) is divided by the denominator (length 1) following similar rules.
In general, exploiting this built-in vectorization in R is much faster than writing your own for-loop, so it's definitely worth trying to get the hang of when operations can be vectorized.
This kind of vectorization is implemented in many higher-level languages/libraries that are specialized for numerical computation (pandas and numpy in Python, Matlab, Julia, ...)