An operating system acts as an interface between hardware and software, controlling tasks like memory management, security, input/output processes, and more. The main types of operating systems discussed are Windows, macOS, Linux/Unix, and Chrome OS. Windows is the most widely used at over 40% usage share, followed by macOS, while Linux, Chrome OS, and others have smaller market shares. Each OS has advantages like ease of use, software libraries, and disadvantages such as security vulnerabilities, limited functionality, and costs.