The document discusses RFID (Radio Frequency Identification), its components, types of tags, and applications. RFID uses radio waves to automatically identify objects. A basic RFID system consists of RFID tags/inlays containing a chip and antenna, readers, and application software. There are three main types of tags: passive (derive power from reader), semi-passive (contain batteries to power chip), and active (powered by batteries). Current applications include access control, asset tracking, supply chain management, payment systems, and vehicle identification. The document also surveys small businesses on their opinions of RFID and its future potential in areas like healthcare and libraries.