The GPS system uses 24 satellites that continuously transmit radio signals. A GPS receiver uses these signals to calculate its position by precisely measuring travel times and triangulating its location based on distances to 4 or more satellites. The receiver must compensate for clock errors to get an accurate fix. The system consists of 3 segments - space, control, and user. The space segment contains the satellites, the control segment maintains satellite orbits and timing, and the user segment includes various receivers for different applications.